Talking Point  

UK equities are not defensive despite withdrawal agreement

Ms Ingram said dog stocks, another term for underperforming stocks, should be avoided unless the investor has a high capacity for loss. 

She warned that value for money is not the same as cheap and for most private investors aiming for a sustainable, if more modest returns, is probably more appropriate.

Ms Ingram added: “So while a UK/ EU deal may give a short term boost to sterling, the medium to long term prospects of new trade deals, amidst a global economy which is slowing and tensions in the Middle East rising once more, is far from straightforward.”

saloni.sardana@ft.com