Adviser attitudes towards UK equities over the next 12 months are mixed, according to the latest FTAdviser Talking Point poll.
Advisers were asked: what is your sentiment towards UK equities over the next six to 12 months?
Around one in ten (11 per cent) said it was completely negative, while 29 per cent responded that it was somewhat negative.
Some 15 per cent said their sentiment was completely positive, with 29 per cent responding that it was somewhat positive.
Meanwhile, 15 per cent said it was neither negative nor positive.
Philip Dragoumis, director and owner at Thera Wealth Management, said: “As we run an evidence-based investment strategy for clients, we believe that the sum of all global capital flows should determine client geographical allocations.
“UK equities currently make up around 3.8 per cent of the FTSE All world index - hence this is also our preferred allocation for the equity portion of client portfolios.
“Any increase to this weighting means that we are making an active bet that the UK market will outperform the rest of the world. We don't believe we have enough of an edge to make this call and we would argue that the evidence suggests nobody else does either.”
Meanwhile, Gary Bush, financial adviser at Mortgage Shop, added: “Our opinion on UK equities is that they present a good medium to long-term outlook, barring the fact that the next global crisis isn't queuing up waiting in the wings.”
