Equity markets have made little headway this year. The FTSE 100 index reached an all-time high of 7,122.7 on April 27 but had fallen back to 6,521 by the end of June, slightly below where it started the year. In Sterling terms, total returns for the FTSE 100 index over the first 6 months of 2015 have been 1.65% with dividend income offsetting a small capital loss. Returns from US and Asia Pacific markets (ex-Japan) were slightly negative, whilst European and Japanese markets produced positive returns of 4.7% and 12% respectively. We are now moving into potentially difficult territory with the possibility of interest rate rises and increased inflation ahead and with uncertainty surrounding Greek debt once again dominating news flow over five years after the issue first arose.
July 3rd, 2015, by Georgina Ogilvie-Jones