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Article | 26 November 2019 | Investments
On this side of the Atlantic, these returns were dampened by sterling strengthening against the US dollar (meaning profits are worth less in pounds). The pound rose after the prospect of a Halloween no-deal Brexit was averted by the European Union’s proposal of a three-month ‘flextension’. On the back of this development, and with the UK market currently looking cheap and under-owned, we have upgraded our outlook on the UK from ‘underweight’ to ‘neutral’. We have therefore slightly increased the UK exposure in our funds.
Read more about how Nathan Sweeney, Senior Investment Manager, positioned the Architas Multi-Asset Active Fund range last month in a shareable, client-friendly PDF.