Resilient UK Multinationals
Global managers have identified three resilient UK multinationals that they are excited about, despite the UK market's surge this year.
- Reckitt Benckiser
- Rolls-Royce
- Halma
The FTSE All-Share has delivered a 19.5% total return over the year to date, but many remain pessimistic about the domestic outlook.
Sticky inflation, middling growth and concerns over tax rises in the upcoming autumn Budget.
According to James Harries, manager of the STS Global Growth and Income Trust, these factors contribute to the nervous stance.
Author's summary: Global managers pick UK stocks.