Investors Are Betting on Which U.K. Retailers Will Survive

Dunelm Group Plc, Dixons Carphone Plc, Marks & Spencer Group Plc and Kingfisher Plc are among retailers that have underperformed the FTSE 350 Index in the past two years. “A lot of these types of stocks have effectively been bunched together in valuation terms,” Ed Meier, a fund manager at Old Mutual Global Investors, said in an interview. Meier’s 188 million-pound ($253 million) U.K. Equity Income Fund looks for stocks where the market may not be pricing in the dividend or potential growth in the dividend.