Gosling's Grouse: A geography lesson

GOSLING'S GROUSE

There is a regularly quoted statistic about the high level of income companies listed on the FTSE which come from outside the UK.

This is hardly surprising given globalisation, not to mention the number of Russian energy companies that are here now. Capital Group has come up with a fascinating set of statistics that takes the discussion a lot further forward and questions how many of us invest. It has looked at a group of the major equity indices – it is entitled because it is the CI in MSCI – within the MSCI ACWI index. US companies account for around half of the peer group, but only just over a quarter of all revenues generated by companies in the index came from the US. The same is true if you look at the DAX...