U.K. Equities: Which Sectors Are In Favour?

26 April 2022

U.K. large-cap equities continue to be resilient in the face of multiple headwinds, as the FTSE 100 is the third strongest performer year-to-date. The Materials sector trades at a 7.9x forward P/E, resulting in a 35% discount to its long-term average and well below the 10-year high of 26.1x.