British stocks are due a bounce

Uncertainty over Brexit has prompted consumers and companies to put off investing in British stocks. Once clarity returns, cheap stocks should rebound, says David Stevenson.

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I've long believed that Brexit has resulted in two major dislocations. The first is that many UK domestic businesses have postponed decisions until there is more clarity. The second is that sterling has been oversold and is now cheap.

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IndexFundTickerAssets under management(£m)Total expense ratio (%)One-year return (%)
FTSE 100iShares CoreISF7,3970.079.67
FTSE 100VanguardVUKE3,0870.099.64
FTSE 250VanguardVMID1,3850.102.74
FTSE All-ShareSPDR UK All ShareFTAL5570.208.19
FTSE UK Dividend PlusiShares UK dividendIUKD7630.400.64
MSCI UKiSharesCSUK1340.339.24
MSCI UK Small CapiShares MSCI Small CapCUKS1740.581.77
Morningstar UKLyxor Core MorningstarLCUK240.049.25
S&P Dividend AristocratsSPDR UK Dividend AristocratsUKDV990.308.56
David C. Stevenson
Contributor

David Stevenson has been writing the Financial Times Adventurous Investor column for nearly 15 years and is also a regular columnist for Citywire. He writes his own widely read Adventurous Investor SubStack newsletter at davidstevenson.substack.com

David has also had a successful career as a media entrepreneur setting up the big European fintech news and event outfit www.altfi.com as well as www.etfstream.com in the asset management space. 

Before that, he was a founding partner in the Rocket Science Group, a successful corporate comms business. 

David has also written a number of books on investing, funds, ETFs, and stock picking and is currently a non-executive director on a number of stockmarket-listed funds including Gresham House Energy Storage and the Aurora Investment Trust. 

In what remains of his spare time he is a presiding justice on the Southampton magistrates bench.