Equities have delivered virtually zero capital growth over the past 250 years, according to Theo Zem...
Equities have delivered virtually zero capital growth over the past 250 years, according to Theo Zemek, co-head of fixed interest at New Star Asset Management. Zemek said a stock market price index from 1750 to date would show that £100 invested in equities at the beginning of the period would still be worth just £100 now, when adjusted for inflation. 'There have been no capital gains in the equity market from 1750 to the present,' she argued. 'This applies in general to both the UK and US and demonstrates there is little truth in the belief equities deliver capital gains.' However...
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