The UK is cheap and shares could bounce back: Fund managers' tips on funds and investment trusts
Britain's stock market is doing far better this year so far than last, but over the longer term has lagged behind its international rivals. After the fall in the pound following the Brexit vote initially boosted UK share values, that effect has fizzled out and investors are now reluctant to back British companies. But Tony Yarrow and Vincent Ropers, of Wise Funds, managers with a value and quality approach - who invest largely in investment trusts and also other funds for their portfolios - believe that when a Brexit solution is found that UK shares will bounce back. They tell Simon Lambert how they go about choosing investments, why they prefer investment trusts and give their view on the Neil Woodford saga.