This $430bn Wealth Manager Says to Pass on UK Stocks

(Bloomberg) In a world where investors are betting on stocks tied to economic growth, the U.K. equity market is not the place to be. According to RBC Wealth Management, British stocks will miss out as traders push equities higher on bets of faster global growth and inflation. That’s because roughly a third of the main British equity gauges are made up of defensive names in the healthcare, consumer goods, utilities and telecommunications sectors that traders tend to perceive as safer investments and scoop up in times of economic turmoil.

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