The last decade offers hope for the next decade

Barclays Capital is urging investors seeking long-term growth to move into equities, having seen the...

Barclays Capital is urging investors seeking long-term growth to move into equities, having seen their single worst decade since the 1930s. Managing director, head of asset allocation Tim Bond, and author of the firm's Equity Gilt Study 2009, says the concept of a 'death of the equity cult' is likely a poor forecast. "Prospective returns from equities are at the most attractive levels seen for some 20 years in the US and over 25 years in Europe and the UK, even if ex-post returns have been feeble," he says. Bond explains why equities have performed so negatively over the 10-year perio...