European equities appear attractive

After a brief respite in February, global equities have continued to be tested in 2003. The war in ...

After a brief respite in February, global equities have continued to be tested in 2003. The war in Iraq, heightening tension in North Korea, rising oil prices and weak economic and corporate news have all had their part to play in hitting investor confidence. At the time of writing the UK's senior index, the FTSE 100 was standing at about half its peak level achieved in December 1999. This follows on from an extremely poor 2002 where the annual real return for UK Equities was -24.5%, the fourth worst return in 103 years. However, not all investors have suffered. Government and...