Global funds have been underweight UK equities for three and half years on account of the Brexit-related political impasse that has led to a decline in business spending, capital flight out of sterling assets, and an economic slowdown. Boris Johnson’s majority electoral win on December 12 breaks the impasse and brings with it the prospect of economic stimulus. That’s a positive catalyst for the UK economy and stocks. As such, MRP is adding Long UK Equities to our list of active investment themes.
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