Finding Value and Growth in UK Equities

The long period of quantitative easing (QE) by central banks has led to incredibly low interest rates and has pushed multiples for stocks delivering any sort of growth into quite stretched territory. This is particularly true of classic consumer staples companies, which will be here tomorrow and probably in 100 years, but at the moment are offering quite pedestrian levels of growth – and yet their valuations are very, very full.

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