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UK shares have risen sharply in 2024 after years of underperformance. The FTSE 100 and FTSE 250 are up by mid-to-high single digit percentages so far as investors have piled into bargain shares.
Some analysts believe this could mark the beginning of a bull run for British stocks. Indeed, those at Edison believe that UK equities now provide a “once-in-a-generation” opportunity.
Here’s why.
40% discount
Years of economic and political stress in Britain have sapped interest in domestic shares. This has led to stunning discounts that are catching the eye of savvy investors and US funds seeking diversification.
Analyst Neil Shah notes that British stocks “are trading at their steepest discount to global peers in over three decades“. He puts this discount at a remarkable 40%, and notes that UK shares are now trading on a forward price-to-earnings (P/E) ratio of 10.5…
