Experts say investors should consider increasing their exposure to the FTSE 250 and UK smaller companies to take advantage.
While FTSE 100 giants such as AstraZeneca, HSBC, Shell and Unilever generate 75 per cent of their earnings overseas, small and medium sized businesses have a focus on the UK. They have been given a real shot in the arm by the end to Brexit uncertainty and the country’s vaccination success, which have raised hopes of an economic rebound.
Last week the IMF revised its UK growth forecasts upwards, saying the economy is on course to grow by 5.3 per cent in 2021 and 5.1 per cent next year. That is slower than the US but faster than anticipated eurozone growth of 4.4 per cent this year.
This story is from the April 14, 2021 edition of Daily Express.
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This story is from the April 14, 2021 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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