UK  

Axa IM's Thomas: I could underperform for three years

One area of focus for Mr Thomas going forward would be the UK e-commerce space, somewhat demonstrated by the 4.9 per cent holding in online estate agent Rightmove.

"The UK is a leading country in e-commerce. It has embraced online," Mr Thomas said highlighting 6.1 per cent of the country's GDP is in e-commerce, second only behind China's 7 per cent. 

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