The valuation of UK equities has dropped "back to the 90s", driven by negative sentiment and foreign investors moving money out of the country, according to RWC Partners' manager Ian Lance.
Lance, who runs the TM RWC UK Equity Income fund alongside Nick Purves, said the "dislocations" in the UK market are making valuations look attractive versus other regions and therefore presenting buying opportunities. UK equity funds has suffered ongoing outflows since the beginning of 2016 as a result of the EU referendum and its aftermath, amounting to a total of £13.2bn to the end of Q1 2019, according to data from the Investment Association. Fund outflows slow in May but alternatives still out of favour Lance said: "The dislocations in the market today are as extreme as we hav...
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