By Colin Morton, Vice President, Portfolio Manager, UK Equity Team, Franklin Local Asset Management
As widely expected, the Conservative Party emerged victorious in the UK general election. Our Colin Morton anticipates UK equity markets will welcome the outcome, but cautions that some uncertainties remain.
A Conservative victory in the UK general election would seem to be the easiest result for equity markets to digest.
Still, our experience during past election periods is that markets tend to overreact in the immediate aftermath of a given result. We're hoping that sort of knee-jerk reaction will allow us