A StoneX analyst said this week the UK equities are 'the most hated, underowned asset class in the world,' but the stock market is undervalued compared with peers, considering higher dividend yields and more exposure to global sectors like finance, energy, and mining.
'If you want European exposure, the UK is the least bad option. Valuations are compelling, and you're paid to wait with dividends,' Vincent Deluard, StoneX's head of global macro strategy, said in a recent episode of the Maggie Lake Talking Markets podcast. 'You're getting 6 % to 7% dividend yields in some sectors — that's real compensation for the risk.'
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