Resilient UK Multinationals
Global managers have identified three UK multinationals that they are excited about: Reckitt Benckiser, Rolls-Royce, and Halma.
The UK market has seen a surge this year, with the FTSE All-Share delivering a 19.5% total return over the year to date, despite most remaining pessimistic about the domestic outlook.
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.
Author's summary: Global managers pick UK stocks for performance.
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