Leading fund managers have warned at a Downing Street meeting that sentiment towards the London stock market is at “rock bottom” and urged ministers to consider mandating UK pension funds to allocate at least 5 per cent of their investments to domestic equities.
A group of UK equities specialists led by Nick Lawson, chief executive of investment group Ocean Wall, this week met Varun Chandra, the government’s special adviser on business, to discuss ways to revitalise public equity markets.
The fund managers outlined their concerns about the state of the UK equity market and agreed investor sentiment was at “rock bottom”.
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