The UK has suffered from a protracted period of poor performance from its largest companies. Until this year, the FTSE 100 index has massively underperformed the more domestic-orientated FTSE Mid 250 and Small Cap indices.
The longer term case for equity investment remains robust, albeit we are living through a relatively traumatic period politically and economically and this has dampened equity returns for a significant period.
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Stephen Watson is chief investment officer at Beaufort Investment Management
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