Is the UK really emerging from the investment wilderness? Investors herald new era but distinguishing between true value opportunities and value traps remains crucial After a long-time in the investment wilderness, the UK appears to be back in favour. UK equities have raced ahead of their peers over the past six months. What has turned the tide for the UK? And can it last once the relief over a Brexit deal and economic recovery has subsided? The biggest factor in the UK’s turnaround has been sentiment. In theory, with only around a quarter of its revenues coming from the domestic economy, the UK market should have been only lightly affected by the uncertainty on Brexit and the poor pandemic response. Instead, the UK has been sent to investment purgatory by investors for the past four years.