The poor old UK stock market has taken a reputational bashing in recent years. It has been criticised for its poor performance, its low valuations, and for the fact that some of its constituents have deserted it for the US. That stat from the Spring Budget about UK pension funds now owning less than 4% of UK shares has been bandied about again and again.
Such is the popularity of passive investing that stocks in any given country will often all be tarred with the same brush.
