Asset Allocation 

UK equities: why bother?

Chris Dillow

Chris Dillow

What’s the point of UK equities? I ask because the 21st century has seen them do very badly. In the past 20 years the All-Share index has risen by barely 7 per cent while the S&P 500 has doubled. And this is in local currency terms: adjusting for the fall in sterling makes the under-performance even worse. Thanks to this, the All-Share index is close to its lowest level relative to the MSCI world index than at any time since 1977.

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