LVMH – a family business – has contributed more to the wealth of investors than any other company in the EU

Bloomberg has just caused a bit of a fuss by calculating that the value of the French stock market, at $2.823 trillion, has overtaken the UK stock market’s $2.821 trillion for the first time in living memory. Various reasons were cited, such as Brexit and different sector exposures. A recent Bank of America survey showed that 25% of asset managers are underweight the UK, following its recent political upheaval.