BAML Says Time Is Right For UK Stocks

Investing.com - Investors looking for European exposure, should consider the UK, according to Bank of America Merrill Lynch (NYSE:BAC).The Wall Street firm says the FTSE 100 index is attractive because it contains a large number of companies that perform well in the later stages of economic expansions, and its dividend yield is 4.00%. Commodities -- oil and gas -- and basic resources make up 24% of the companies in the index, while defensives -- health care, utilities -- account for 21%.BAML says the weak pound is also a positive because UK multinationals derive about 70% of their revenue from overseas markets.Two popular exchange traded funds to play the FTSE 100 are the iShares MSCI United Kingdom ETF and the First Trust United Kingdom AlphaDEX Fund.