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US stocks are out, the UK is in, declare Fidelity and others

Following an impressive bull run in 2019, money managers are looking increasingly sceptically at the US market, while the UK is unloved - and cheap

Are UK stocks about to take off?
Are UK stocks about to take off? Photo: Bombaert/Getty Images

Global fund managers are turning cool on US equities while picking out the unloved UK as a top tip for where to invest in 2020.

After a stellar run in 2019, with returns of 27.9%, fund managers are becoming cautious on the outlook for the US stock market.

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