By Davide Barbuscia and Karin Strohecker
NEW YORK/LONDON (Reuters) -The BlackRock (NYSE:) Investment Institute (BII) said on Tuesday that recent parliamentary elections in Britain had made valuation of UK equities attractive, while Japan stocks remained its favoured equity investment play.
The British Conservative Party suffered a historic election defeat last week with a record number of cabinet ministers losing their seats.
“Valuation is very compelling … and given the perceived political stability leading to better sentiment, we think there’s a tactical opportunity for UK equities,” Wei Li, global chief investment strategist at BlackRock, said on Tuesday.
BII, an arm of U.S.-based investment firm BlackRock that provides proprietary investment research, said in a mid-year outlook report that the prospect of higher-for-longer interest rates made inflation-linked bonds attractive. On a country level, Mexico and India should…
