UK Multinationals Attracting Global Managers
Despite the UK market's 19.5% total return over the year to date, many remain pessimistic about the domestic outlook due to sticky inflation, middling growth, and concerns over tax rises.
Global managers have identified Reckitt Benckiser, Rolls-Royce, and Halma as compelling UK stocks to consider.
James Harries, manager of the STS Global Growth and Income Trust, attributed this nervous stance to sticky inflation, middling growth and concerns over tax rises in the upcoming autumn Budget.
These UK multinationals are expected to perform well, according to global managers.
Author's summary: Global managers favor UK multinationals.
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