UK equity investment trusts offer attractive valuations for contrarian investors with a trio of potential catalysts for re-ratings, according to broker Stifel.
With the UK equity market continuing to lag peers across the world amid a plethora of uncertainties, Stifel analysts led by Iain Scouller said a Brexit trade deal, a vaccine discovery or a recovery in dividends could lead to higher share prices for UK stocks. With UK-focused equity funds currently offering "a combination of attractive discounts and relatively high dividend yields", the analysts said contrarian investors should take a look. Tellworth pulls plans to launch UK trust for Marriage & Warren Further, they added, the imminent launch of two UK investment trusts looking to t...
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