Resilient UK Multinationals
Global managers have identified three resilient UK multinationals that they are excited about: Reckitt Benckiser, Rolls-Royce, and Halma.
The UK market has seen a significant surge this year, with the FTSE All-Share delivering a 19.5% total return over the year to date.
James Harries, manager of the STS Global Growth and Income Trust, attributed the nervous stance to "sticky inflation, middling growth and concerns over tax rises in the upcoming autumn Budget."
Despite the market's performance, most global managers remain pessimistic about the domestic outlook.
Author's summary: Global managers pick UK stocks.
- Reckitt Benckiser
- Rolls-Royce
- Halma
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