Temple Bar (TMPL) fund manager Nick Purves shows how UK shares trade at a 40% discount to world markets, double their 20% historic average. This is the second excerpt from our virtual event with the UK equity income investment trust. You can watch the whole ‘Big Broadcast’ here.
Can’t watch now? Read the transcript
If you buy into this idea that lowly valued stocks deliver higher returns over the longer-term, where’s the value today? Your listeners will have heard many fund managers, perhaps say, that actually the UK stock market, not everywhere, but in many parts of the UK stock market and the market overall, offers significant undervaluation or is much lowlier valued than some other stock markets of the world.
Concentrate on the left-hand chart on this page. This compares the valuation of the UK market to global markets, generally. Bearing in mind this is a 50-year chart. You can see that today the UK stock…
