Resilient UK Multinationals
Global managers are excited about three resilient UK multinationals: Reckitt Benckiser, Rolls-Royce, and Halma.
The UK market has seen a surge this year, with the FTSE All-Share delivering a 19.5% total return over the year to date.
Sticky inflation, middling growth and concerns over tax rises in the upcoming autumn Budget
are the reasons for the nervous stance, according to James Harries, manager of the STS Global Growth and Income Trust.
Despite the pessimism, global managers pick these UK stocks to perform well.
- Reckitt Benckiser
- Rolls-Royce
- Halma
Author's summary: UK multinationals attract global managers.