LONDON: It may take more than a delay in Brexit to lure foreign funds back to UK stocks, a market that’s been deemed by some strategists as “uninvestable”.
No matter that banks from Citigroup Inc to JPMorgan Chase & Co have touted UK shares, and no matter their cheap valuations. The country remained the most hated region in Bank of America Merrill Lynch’s global fund manager survey in January, with the net percentage of asset managers that are underweight near the highest in two decades.
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