For international investors, we believe the United Kingdom is home to many companies that offer an especially attractive combination of growth, value and quality.
Brexit and the pandemic didn’t change the fundamental attractiveness of great U.K. companies.
Within the growth-vs.-value context, we’d like to discuss three Covid-related scenarios for companies.
High-quality companies outside the U.S. look especially attractive to us. And their stocks have underperformed recently, possibly giving them greater upside potential.
We recently heard a great adage about investing: “The stock market is the only market where people head for the exit when things go on sale.” And considering what followed 2018’s stock-market rout, heading for the exit certainly wasn’t a wise move.