Over the past year, investors haven't been able to ditch UK equities fast enough with billions of pounds in outflows pouring from these funds. But the FTSE 100 has approached record highs in recent weeks. How can this circle be squared?
In the latest edition of the Asset Allocator Podcast we chat to Fahad Kamal, chief investment officer at Kleinwort Hambros, and Georgina Taylor, head of multi-asset at Invesco, to find out.
They discuss whether valuations are particularly attractive at the moment, whether the cyclicality of the FTSE 100 is a positive and the pros and cons of equity income funds.
The Asset Allocator Podcast is a fortnightly series aimed at discretionary fund managers, fund selectors and wealth managers, providing insight into the issues that drive investment decisions.