Investors should beware over-exposure to UK stocks, says deVere: ProactiveInvestors Stocktube

ProactiveInvestors Stocktube

Published on Aug 12, 2016

UK-based investors should avoid over-exposure to their home market amid 'Brexit' turmoil, financial adviser deVere Group says.

They should be wary of the relatively high valuation of UK stocks and the weakening economy despite the FTSE 100 hitting its highest level in more than 13 months on Tuesday, deVere's 's chief executive and founder Nigel Green said.

Green said: “The UK’s leading index briefly reached a 13-month high thanks to surging oil prices and a significant bank rally.

“However, despite this positive uptick, I would urge UK investors to avoid home bias, whereby they favour those markets with which they are most familiar. Indeed, they should think twice about over-exposure to their home market.”