U.K. Stocks Prove Calmer as Risk-Adjusted Return Tops Europe
- FTSE 100 Index beats peers on volatility-adjusted gains
- U.K. equities entered a bull market amid weaker pound
Have Post-Brexit Market Fears Evaporated?
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British stocks have famously drubbed the rest of Europe since Brexit, but anyone capitalizing on the rebound must have endured swings that made holding on impossible, right? Wrong.
In addition to beating other European markets on absolute terms, the 5.4 percent gain in the benchmark FTSE 100 Index since Britons voted on June 23 to leave the European Union is also the best when price swings are taken into account, data compiled by Bloomberg show. A gauge of volatility expectations in London-listed equities headed for its lowest level since April, signaling optimism the gains will continue.