Viewpoint

Equities in the UK have given up the gains achieved in January and February and are now showing marg...

Equities in the UK have given up the gains achieved in January and February and are now showing marginally positive returns since the beginning of the year. This mirrors the performance of most equity markets. One consoling factor for those invested in the UK is that the market has not fallen as much as others. But the year to date performance is not the whole story. Over the last 12 months, the FTSE All-Share has returned 11.1%. Some investors may think this is not so great but this is in fact above historical average annual returns. The lacklustre returns this year reflect a degree of c...