Resilient UK Multinationals
Global managers have identified three resilient UK multinationals that they are excited about: Reckitt Benckiser, Rolls-Royce, and Halma.
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 concerns over sticky inflation, middling growth, and potential tax rises in the upcoming autumn Budget, according to James Harries, manager of the STS Global Growth and Income Trust.
"Sticky inflation, middling growth and concerns over tax rises in the upcoming autumn Budget" - James Harries
These UK stocks are considered compelling by global managers, who pick them to perform well from here on.
Author's summary: Global managers pick UK stocks to perform well despite market pessimism.
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