Finding optimism amongst uncertainty

Post the Global Financial Crisis (GFC) and Brexit, UK equities, specifically the FTSE 100, have been shunned over the last ten years for three key reasons: too value oriented in a post-GFC world that favoured growth stocks; too skewed towards important but slower-growing industries such as banking, energy and healthcare; and too risky due to Brexit.

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Why the ‘because of staglation’ narrative is wrong

Hugh Sergeant explains why he believes that the “because of stagflation” anti-consumer stock narrative is wrong. Here he shows, using some charts to illustrate his points, how the fundamentals lying behind consumer spending are strong, and there is a good opportunity in consumer cyclical stocks.

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Investing in a UK recovery – FundCalibre

Hugh Sergeant, manager of the ES R&M UK Recovery fund, talks to Darius McDermott about value investing in the UK including how the fund has performed so strongly over the past decade and the recent vaccine rally.

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