British mega-cap stocks are having a tough year, lagging behind global equities by the widest margin in 14 years.
The FTSE 100 Index has climbed less than 5 percent this year through Friday, while the MSCI All-Country World Index has surged 20 percent.
With fund-manager pessimism over Brexit showing no signs of letting up as sterling’s recovery threatens exporter profits, it’s likely the relative weakness will continue next year, according to strategists at banks including UBS Group AG and JPMorgan Chase & Co.
Source: Bloomberg Pro Terminal
Trader-G.Bozhidarov
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