“We have both growth and value-orientated managers, as well as less style-based managers, plus those who can go both long and short. We are holding more funds than ever but with the highest-quality managers we can find based almost exclusively on their track records.
“The reason for this is simple. Given all the variables and the fact we are stepping into what seems to be a new world order, it is easy to build a narrative around any closing figure for the UK stock market that you can name.
“The further the figure is away from today’s we would contend the less likely, so 8,500 or 4,500 are less likely than the market closing at the same level as today.”
Skerritts’ head of investment Andrew Merricks has a notably different view, which is more in line with Burdett, and his advice to those looking to put significant amounts of money into UK assets would be: don’t.
“You can’t really be that bullish because it is so uncertain, whether it is a hard Brexit, soft Brexit, no Brexit, Goldilocks Brexit, who knows,” he says.
“Unless you have to invest in the UK, I don’t think you should be at the moment because you can’t with any certainty.”
