Will U.K. Stocks Sustain Their Attraction for Long?
With the Bank of England’s increased stimulus crushing government-bond yields, U.K. equities are becoming even more irresistible. Companies in the FTSE All-Share Index return 3.8 percent in dividends, near an all-time high relative to 10-year gilts. Thanks to BOE Governor Mark Carney’s measures to support the domestic economy in the wake of the U.K.’s vote to leave the European Union, megacaps benefiting from a weaker pound are no longer the only drivers of the market. The country’s mid-cap companies have jumped to their highest levels in more than a year and small caps to a record. Seneca Investment Managers Chief Investment Officer Peter Elston discusses Bloomberg's Manus Cranny on "Countdown."
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