The main stock index in the UK, the FTSE 100, includes some of the biggest and most profitable multinational companies in the world. But in recent years the index has trailed the US markets and is now considerably cheaper. In this episode of the FT’s Unhedged podcast, introduced by Money Clinic’s Claer Barrett, reporters Ethan Wu and Rob Armstrong ask if investors are overlooking a bargain.  Want more? Read Claer Barrett’s latest FT article, The hunt for good value UK stocks.  Find Unhedged wherever you get your podcasts, and enjoy a free 30-day trial of the Unhedged newsletter (free for FT Premium subscribers). Follow Ethan Wu (@ethanywu), Robert Armstrong (Katie Martin (@katie_martin_fx) on X. You can email Ethan at [email protected]. Listen to more Money Clinic episodes, such as How an ISA millionaire chooses stocks, Investment Masterclass: Nick Train on the case for investing in UK shares, and more.  For more tips on how to organise your money, sign up to Claer's email series 'Sort Your Financial Life Out With Claer Barrett' at FT.com/moneycourse If you would like to be a guest on a future episode of Money Clinic, email us at [email protected] or send Claer a DM on social media — she’s @ClaerB on X, Instagram and TikTok.  Unhedged is produced by Jake Harper and edited by Bryant Urstadt. The executive producer is Jacob Goldstein. We had additional help from Topher Forhecz. Cheryl Brumley is the FT’s global head of audio. Special thanks to Laura Clarke, Alastair Mackie, Gretta Cohn and Natalie Sadler. Hosted on Acast. See acast.com/privacy for more information.