The U.K.'s center-left Labour Party has won a substantial parliamentary majority in the country's general election, unseating the incumbent Conservatives after 14 years.
Manthey and her team picked the FTSE 250 index , which can be traded through exchange-traded funds such as iShares FTSE 250 UCITS ETF or Vanguard FTSE 250 UCITS , over the large-cap index FTSE 100 , as their "preferred post-election trade."
The strategists, however, cautioned that historical data pointed toward lackluster returns immediately after the election results.
More broadly, the investment bank's economist Anna Titareva said U.K. markets remain "heavily discounted" since after Brexit.
After the election results were confirmed, they reiterated their stock preferences: Taylor Wimpey and Persimmon .
Persons:
Beata Manthey, Manthey, Anna Titareva, Titareva, Anthony Codling, Taylor Wimpey, Gleeson, Bellway, Investec
Organizations:
Labour Party, Labour, Vanguard, UBS, Companies, FTSE, FTMC, RBC Capital Markets, Jefferies, Genuit
Locations:
Swiss