A group of some of the world’s largest asset managers have warned that UK equities are no longer a ‘must own’ market.
The Investor Forum represents shareholders with more than £680bn in UK equities and is formed of major asset managers including abrdn, Baillie Gifford, BlackRock, Fidelity, M&G and Schroders. In the group's annual report published today (26 January), executive director Andy Griffiths, wrote that the "status and value of UK listed companies are in need of restoration". He said the unprecedented collateral calls pension funds had to meet for their liability-driven investment portfolios following the Mini Budget was a "powerful reminder" of the limited exposure pension funds have to UK e...
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