Earlier than the International Monetary Disaster, the UK accounted for round 11% of the MSCI World index, however this has since dropped to lower than 4%. Regardless of this, many British wealth supervisor portfolios nonetheless have vital chubby positions in home equities.
Final month, Coutts, the non-public financial institution owned by state-backed NatWest, confronted criticism after informing purchasers it could be implementing a “basic change” to its funding technique by shifting away from its UK residence bias.
The pivot will lead to at the very least £2bn of Coutts’ £43bn portfolio being reallocated to world equities, with a …
