UK remains attractive for cautious investors

While high levels of growth are not expected in the UK, its defensive qualities make it the ca...

While high levels of growth are not expected in the UK, its defensive qualities make it the cautious investor's choice as confidence slowly returns. Over the three years to 30 May, in sterling terms, the FTSE All-Share returned -27.97%, while over the same period, the S&P 500 fell by 35.95%. In the 12 months to the end of May 2003, the All-Share also produced a negative return of 17.24%, while the S&P 500 returned -18.05% over the same period. Between 31 December 2002 to 30 May, both indices have had positive returns with the S&P outperforming the FTSE All-Share with a retu...