LIVE MARKETS-British stocks have taken big funds by surprise, say HSBC
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HSBC reports that British stocks, particularly the FTSE 100, have surprised institutional funds by outperforming global equities by approximately 4 percentage points year-to-date, with a 12.5% increase compared to a mere 5.6% rise in 2024. Despite a decline in UK holdings by global and regional funds, HSBC believes there is still potential for increased UK allocations due to easing credit conditions, rising labor market participation, and reasonable valuations.
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