Five-year bull market still running for investors with a global view

Most investors are happy and the FTSE World Index is up almost 80% from the 2002 lows, with many eme...

Most investors are happy and the FTSE World Index is up almost 80% from the 2002 lows, with many emerging markets recording even stronger gains. Indeed, for global investors, the key decision over this period has been to keep away from Wall Street and a weak US dollar. Surprisingly, the rally has so far focused consistently on the same sectors and each year the market pattern has been similar. The past three years have seen a sell off early in the year – usually impacting cyclicals and resources – but full recovery in the summer. It has been wrong to sell on the setbacks. Indeed, 2006 was ...