Chris Dillow 

Reaching for yield

Chris Dillow

Chris Dillow
Reaching for yield

It might not feel like it, but equities have done unusually well in recent years. Since 2010 total returns on the All-Share index have averaged almost 10 per cent per year. This means the gap between returns on equities and on cash has been twice its long-run average, which has been 4.4 percentage points since 1900.

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