Industry commentators have warned the uncertainty around the Brexit negotiations means investors should continue to be looking to allocate away from the UK next year.
'Uncertainty' remains the key buzzword for the UK's outlook as nothing will be concrete until 29 March 2019 when the country leaves the European Union. The FTSE 100 is down 8.2% so far this year to 18 December while the FTSE All-Share has fallen 9.1% versus returns of -1.5% for the MSCI All Country World and 2.2% for the S&P 500. Furthermore, the IA UK Smaller Companies sector is the third worst performing sector this year dropping 10.6%, while the IA UK All Companies has declined 11.5%. Assets see record week of outflows as November sell-off spooks markets Karen Ward, chief ma...
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