The bull market of the early 1970s in the US was largely driven by a group of 50 'blue-chip' growth stocks called the 'Nifty Fifty' and included companies such as Xerox, IBM, Coca-Cola and Polaroid.
They were famously deemed as a 'one decision' trade to be bought and never sold. Their valuation reached an average P/E of 42x in 1972 before falling significantly from 1973, following the end of the...
Raised over £167,000
Luxembourg to become head office for EU business
Net issuance reached $473bn in 2017
As a result of changing environment
Created following FCA probe