, said the average investment fund in the U.K. had half of its money invested in small and mid-cap stocks.
He said the near-term performance of mid and small-cap stocks was largely contingent on the U.K. brokering a trade deal for operating outside the EU and the approval of a coronavirus vaccine. The FTSE 100 has fallen by around 21% year-to-date, while the mid-cap FTSE 250 index is down nearly 19%, and the small-cap FTSE 350 index has lost close to 21% in that time, according to Refintiv data.
"So I don't think a 30% overweight in mid and small-cap stocks, which a lot of funds are taking, makes a lot of sense," Bell said. At the same time, he acknowledged the U.K. stock market did currently offer "reasonable value."
😂😂😂 nowadays stocks in stock market never makes sense...
Looking from all angles at the UK economy, left, right and centre I fail to see why I should invest in the island. Yes, their companies are dirt cheap, but the reasons why they are worthless are many. With the Pound's diving prospect, I will avoid the UK Market.
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Source: Variety - 🏆 108. / 63 Read more »