More than a quarter (27%) of financial advisers believe UK equities will generate the best returns for their clients over three to five years, yet a further 24% believe they are the most overvalued asset class, research by Aegon has found.
Those who were positive about the asset class focused on economic fundamentals, exposure of UK companies to global markets and the potential for a positive Brexit outcome. In contrast, those who felt the opposite expressed concerns about recent Stirling falls and the potential for a market correction in light of ongoing Brexit uncertainty. The research surveyed 102 advisers in June about their views on the most attractive and most overvalued asset classes. It found emerging markets were also popular with advisers, with almost a quarter (22%) believing they would generate the best r...
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