UK stocks have been unloved for some time with investors favouring the likes of the US, but data shows there are a number of British companies that have delivered market-beating returns over the past decade.
“The US market has acted like a magnet in recent years and pulled investors away from the UK with the lure of fast-growth technology companies,” said Dan Coatsworth, investment analyst at AJ Bell.
Tech giants, including Apple (AAPL) and Nvidia (NVDA), are part of the “Magnificent Seven” group of stocks that account for a third of the S&P 500’s (^GSPC) market value.
In fact, Microsoft’s (MSFT) market capitalisation of $3.2tn (£2.4tn) is bigger than that of the entire FTSE 100 (^FTSE), which stands at £2.1tn, according to the London Stock Exchange.
As such, these companies have helped drive US market returns, with the S&P 500 up 32% over one year and 91% over five years.
However, Coatsworth said: “A gloomier US economic outlook and…
