Resilient UK Multinationals
Global managers have identified three resilient UK multinationals that they are excited about: Reckitt Benckiser, Rolls-Royce, and Halma.
The UK market has seen a significant surge this year, with the FTSE All-Share delivering a 19.5% total return over the year to date.
Most remain pessimistic about the domestic outlook due to 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.
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Author's summary: UK multinationals attract global managers.
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