Nick Train: 'Tactical opportunity' in unloved UK stocks

London-listed firms being discounted

David Brenchley
clock • 2 min read

There is currently a "tactical opportunity" in UK stocks with asset allocators placing "a discount on a London listing" over the past five years, according to Nick Train.

Despite a recent bounce on positive Covid-19 vaccine news, the UK's FTSE All-Share index continues to lag its global peers, with the all companies index down 12.4% year-to-date compared to the MSCI World's 9.8% gain, according to FE fundinfo data. Over the past five years, a period that includes the Brexit referendum in 2016, the FTSE All-Share has returned just 24%, compared to its MSCI World counterpart's 90.3% gain. Nick Train: Lacklustre Manchester United still has 'trophy value' But Train, speaking on a Finsbury Growth & Income webinar, said that other than for the past five y...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot