U.K. stocks are looking particularly attractive after a fresh bout of market volatility, according to the chief investment officer of financial firm Wren Sterling.
It is in this context that Wren Sterling's Rory McPherson believes British stocks look "cheap" and "under-owned."
When asked whether investors should consider U.K. stocks as part of a shift away from U.S. tech companies, McPherson replied, "Well, we think so.
I mean you look at the market like the U.K., it's on 12 times earnings, its cheap, its under-owned.
Analysts have recently turned bullish on U.K. stocks, which had been unpopular for years.
Persons:
Wren Sterling, Wren, Rory McPherson, McPherson, CNBC's, " McPherson
Organizations:
Global, U.S, Analysts, BlackRock Investment, BlackRock, Labour Party, CNBC, Bank of, Bank of England
Locations:
U.S