Time to diversify away from UK equity market and clutch global opps

In what has been an extraordinary year for global equity markets, sterling investors have profited most from staying at home.

The UK FTSE 100 Index is up 17.9%, comfortably outperforming the MSCI World Index, which is up 7.6% in sterling terms year to date. That said, the much more domestically orientated UK mid- and small-cap indices have fared considerably better, with the FTSE Mid 250 and FTSE Small-Cap indices, up 43.4% and 54.5% respectively. However, if history is anything to go by, perhaps now is an opportune moment to diversify one's equity portfolio away from the UK market. When comparing performance among MSCI-developed country indices between 1988 and 2008, the UK was ranked number one performer in o...