Why more choice is not necessarily a good thing

Leader

With 2004 firmly under way there, is an encouraging level of optimism in the UK stock market, which ...

With 2004 firmly under way there, is an encouraging level of optimism in the UK stock market, which is slowly feeding its way into the fund management and advisory businesses. Indeed, that optimism was almost in danger of giving way to irrational exuberance as the FTSE posted a positive rise on 12 successive days - last seen back in May 1997. While it is good to see confidence back in the market, the reality is fund managers and advisers do not need to see a return to the days of the Roaring '90s when investors were seduced by double-digit returns. With this wave of cautious optimism hit...