UK Equities: Under-valued, Under-owned; Unleashed!

Roundtable Highlights Reels

In May 2025, the VP brought together some of the most insightful minds in UK equities to explore whether the tide is finally turning for the much-neglected UK stock market. After years of stagnation, are we now seeing a reappraisal of value, domestic reform, and institutional re-engagement?

The discussion brought together three portfolio managers with distinctive investment approaches, delivering a rich and nuanced debate on where the opportunities may lie.

In this series of highlight interviews, we explore key themes:

  • Why UK equities may now offer some of the most attractive valuations
  • The catalysts behind renewed investor interest, from regulatory change to capital allocation reform
  • Opportunities across special situations, income plays, and small caps
  • The potential for structural change to support a long-term re-rating of UK stocks

We also explore which sectors and styles are showing promise, and whether international capital could soon return in force.

With big thanks to our panellists:

Kalinka Dyankova of UBP
Sophie Outhwaite of Quilter Investors
Catherine Sathi of Columbia Threadneedle
Alex Snuggs of Copia Capital
Michael Clough of Rathbones

Premier Miton’s Emma Mogford sets out:

  • Why UK Equity Income remains relevant
  • Why yield at 2-8% remains the sweet spot!
  • A Total Return approach to UK Equity Income investment

Artemis’ Henry Flockhart sets out:

  • Why UK stock valuation dispersion brings great opportunity for stock-pickers
  • Unlocking valuation in special situations
  • Artemis’ process to identifying change that could deliver performance rebounds

Downing’s Judith MacKenzie sets out:

  • Why UK Small and AIM stocks offer great potential
  • The vital importance of stock-picking in small and micro caps
  • 3 ideas to structurally boost the UK stock market