Britain’s stock market is tipped to outperform US and EU benchmarks this year as money managers across the City predict a bounceback for the unloved assets.
British equities will deliver 9pc returns over 2024, Goldman Sachs has predicted, beating projected returns from the S&P 500, leading eurozone markets and Japanese stocks.
Over the next five years the Wall Street bank expects average annual returns of 6pc from UK stocks, which is among the highest returns of all asset classes looked at.
It would represent a significant turnaround for Britain’s stock market, which has traded at a steep discount to rivals in recent years.
Brexit, political instability, pension funds turning their backs on the stock market and Britain’s slow recovery from the economic blow of the pandemic have all been blamed.
However, investors say a combination of significant value on offer from cheap British stocks, declining inflation and richly…
