Australia Markets open in 3 hrs 38 mins

[$$] Brexit-blemished UK assets look cheap — but investors are wary

Laurence Fletcher

Fund managers seem unanimous: sterling and UK stocks look cheap. Value-focused investors have been sniffing around the FTSE 100 index, which has traded at a big discount to similar benchmarks in Europe and the US since the referendum of June 2016. The problem is a lack of clarity over Brexit, say investors