370. It’s not as bad as you think: a case for UK optimism

The UK stock market is often dismissed as stagnant, but as Simon Murphy, manager of the VT Tyndall Unconstrained UK Income fund (https://www.fundcalibre.com/elite-fun...) explains, that perception doesn’t tell the full story. In conversation with Darius McDermott, Simon discusses the surprising strength of the FTSE, the undervalued potential of mid and small-cap companies, and why he believes the UK economy is far more resilient than many assume. They also look ahead to the upcoming Budget, potential tax changes, and what all this could mean for investors. With insights on valuations, domestic opportunities, and industrial recovery themes, this is a must-listen for anyone rethinking their UK investment outlook.


What’s covered in this episode: 

• Why the FTSE is quietly outperforming global markets in 2025
• The gap between perception and reality
• What’s really holding back mid and small-cap stocks?
• …and why that might change
• Why the UK economy is more resilient than the headlines suggest
• How strong corporate and consumer balance sheets are supporting growth
• What to expect from the upcoming UK Budget
• The case for optimism
• Why fear in the market could create opportunity
• Key themes driving Simon’s fund
• Examples of companies thriving despite economic uncertainty
• Why sentiment may shift and which investors could benefit first

More about this fund: VT Tyndall Unconstrained UK Income (https://www.fundcalibre.com/elite-fun...) is a high conviction, highly differentiated mid-cap focused UK income fund. This fund offers something different, with its combination of premium yield and dividend growth stocks and we applaud the fund's low active management charge.


Learn more on fundcalibre.com (https://www.fundcalibre.com/)

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.