Sterling has fallen from $1.47 to $1.33 down nearly 10%. Against the EUR, CAD and AUD it has fallen 12-15%. For sterling investors it has made sense to invest in the SP500 rather than FTSE or FTSE stocks with high overseas earnings.
Although FTS is up 4% YTD and SP500 by 3%, for a sterling investor the true rate of return on the SP500 has been 13%.
With the BOE looking to cut interest rates again and start QE it makes sense to invest in UK assets that earn most of their money abroad such as AZN, BAT, Diageo, Imperial Brands, Unilever and Shire.
Shire is up 14% at 4700p
BAT is up 11% at 4890p
Imperial Brands is up 11% at 4090p
Diageo is up 11% at 2090p
Unilever is up 10% at 3600p
AZN is up 10% at 4640p
Although FTS is up 4% YTD and SP500 by 3%, for a sterling investor the true rate of return on the SP500 has been 13%.
With the BOE looking to cut interest rates again and start QE it makes sense to invest in UK assets that earn most of their money abroad such as AZN, BAT, Diageo, Imperial Brands, Unilever and Shire.
Shire is up 14% at 4700p
BAT is up 11% at 4890p
Imperial Brands is up 11% at 4090p
Diageo is up 11% at 2090p
Unilever is up 10% at 3600p
AZN is up 10% at 4640p
No comments:
Post a Comment