How did Brexit change UK equities?

It’s been ten years since the Brexit referendum, and UK equities look fundamentally different. Capital has moved, confidence has been tested, and valuation gaps have opened. However; the story is no longer one-directional. In 'The Brexit Decade', Morningstar Manager Research examines how the referendum acted as a catalyst for deeper structural shifts in UK equity markets and why today’s pessimism may be creating a compelling opportunity for long-term investors. Drawing on a decade of fund flows, market performance, valuation data, and manager insights, the report cuts through political narratives...