Neil Birrell: The UK is such a conundrum

Most multi-asset and global investors tend to have a domestic bias, typically because they simply know more about their home markets and the universe of investments that they offer; news, information, access and the time-zone are a few obvious reasons for that. This is normal for private investors, but it is normal for professional investors and fund managers as well, for the same reasons, but also because it is probably their view that is what their clients are comfortable with. It also means the additional risk of currency risk is mitigated. Domestic bias can be good or bad So fa...