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The Outlook for UK Equities Business Cycle Investing Julie Dean Prepared for professional advisers only
UK Equities…nothing to write home about… Total Local Currency Returns 2007 to 25.02.11 1st January 2007 = 100 Source: Thomson Datastream to 25.02.11 50 70 90 110 130 150 170 190 210 2007 2008 2009 2010 2011 UK Brazil China India 12.1% 12.1% UK FTSE All Share 55.7% 32.7% China MSCI 91.0% 34.2% India Datastream Total Market 145.7% 58.4% Brazil Bovespa Sterling Local currency Index Total returns 2007-to-25.02.11
…but plenty of opportunities Source: Thomson Datastream
Returns from UK equities can be competitive… Source: Thomson Datastream
This document is intended for Independent Financial Advisers, Professional Intermediaries and non-private clients only.
Issued by Cazenove Capital Management which is the name under which Cazenove Capital Management Limited and Cazenove Investment Fund Management Limited both authorised and regulated by the Financial Services Authority provide investment products and services.
Past performance should not be seen as an indication of future performance. The value of investments and the income from them can go down as well as up and an investor may not get back the amount originally invested and may be affected by fluctuations in exchange rates. The levels and bases of tax assumptions may change.
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