UK Multinationals Attract Global Managers' Attention
Despite the UK market's 19.5% total return over the year to date, most global managers remain pessimistic about the domestic outlook due to sticky inflation, middling growth, and concerns over tax rises.
However, some UK stocks have been identified as compelling by global managers, including Reckitt Benckiser, Rolls-Royce, and Halma.
James Harries, manager of the STS Global Growth and Income Trust, attributed the nervous stance to sticky inflation, middling growth, and concerns over tax rises in the upcoming autumn Budget.
Global managers are excited about these resilient UK multinationals, which are expected to perform well.
Author's summary: Global managers identify Reckitt Benckiser, Rolls-Royce, and Halma as promising UK stocks.
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