Asset manager Brooks Macdonald: UK stocks are undervalued AI investment targets

Golden Finance, July 22nd｜William Hobbs, Chief Investment Officer at the asset management company Brooks Macdonald, stated that the UK is an undervalued knowledge-based superpower and remains a "golden area" for his active stock selection. Hobbs mentioned that Brooks Macdonald is currently overweight on UK equities compared to US equities, although the company reduced some of its positions three months ago. "The previous overweight position was very large, but it eventually paid off," he said. Hobbs pointed out that while UK stock valuations are low, this is a long-term indicator rather than a tactical signal. The UK's comparative advantage covers many knowledge-based fields that are expected to benefit as artificial intelligence technology matures.