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Wealth managers may be nervous about the prospects for the domestic economy, but should they cut UK equities? And with the FTSE still climbing above expectations what are the other choices?

Viewpoint UK equities

‘ If you are going to be active you have to be genuinely active. A pound has to be working for you’George Godber and Georgina Hamilton, fund manager profit

My office, like yours, I’m sure, was a reluctant base for a few tired faces on the morning of Friday 9 June. Those who stayed up all night at least saw yet another shock poll unfold in real time.

Last month we looked at practical pointers on how UK wealth and asset managers can keep business thriving as we exit the EU (see Viewpoint, pages 26-29). This time around, as the chances of a hard Brexit soften in the summer heatwave, it is time to turn the focus on our domestic equity markets, following another general election and the resultant further weakening of sterling.

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