Why UK equities now

The FTSE 100's strong performance this year masks concentration. Just eight stocks – five banks and three defence companies – have delivered more than half the index's returns, echoing the concentration dynamics that have defined US markets. However, underneath this concentrated performance lies opportunity: hundreds of companies above £700 million market capitalisation that are trading at compelling valuations according to Bloomberg data. “Although the index at the top level looks elevated, there is a lot underneath those eight stocks. Valuations are low so, there is plenty of opportunity...