Mr Lowcock said: “Large cap companies still need to grow because many are dividend payers and are therefore under pressure to meet their obligations to shareholders.
“UK companies tend to grow because of the sheer scale of their businesses, but there is a lack of technological disruptors for firms in the UK market whereas the US market is replete with the likes of Google, Apple and Amazon. The latest innovations produced by such companies have generated impressive growth.”
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Myron Jobson is a former features writer of Financial Adviser
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