A big yield, useful diversification from the tech-heavy US market, and a large valuation discount make UK equities particularly appealing, according to Goldman Sachs.

In a note titled ‘Buy British’, a team of Goldman equity strategists led by Sharon Bell, said that though London-listed stocks have done quite well so far in 2024, they remain attractive after more than a decade of persistent underperformance that has seen the UK weighting in the MSCI World index fall from 5.3% in 2010 to 2.2%.