Coutts shifts £2bn from UK shares to overseas funds, raising concerns amid market uncertainty | |
The choice has caused a stir, particularly given that the UK government claims 28% of Coutts' parent bank, NatWest. The Depository has been effectively pushing for greater interest in UK values, which might take Coutts' action troublesome. In a notification to clients on his site, Coutts portrayed the ongoing portfolio balance as obsolete and communicated his goal to adopt a more worldwide strategy. | |
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