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Key takeaways

  • UK large-cap:  Resilient in tough times, a cheaper way to access international businesses and room for optimism with a stronger US dollar which could boost UK earnings of large-cap stocks in the year ahead.
  • UK mid-caps:  Potential rate cuts, attractive valuations and strong company fundamentals present compelling opportunities.
  • UK small-caps: Compelling valuations, falling interest rates and returning IPOs could help fuel the long-term vibrancy of UK small caps.
  • M&A surge: Robust M&A activity in the UK during 2024 should continue throughout 2025. This renewed dealmaking is drawing investor attention to the valuation opportunity in UK equities.

Watch the UK equities masterclass (38 minutes)

What is that portfolio you would want to own for that recovery as rates are beginning to fall…”

Michael Browne

Chief Investment Officer

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