Please find this month’s Market Commentary newsletter which contains our view on the stock market based upon fundamental and technical analysis along with some recommended investments for the current market.
The FTSE has continued its forward march climbing 2.9% and breaking record highs in the process. Much has been made of the fact that it has taken more than 15 years for the FTSE 100 to surpass the record close it set on the final trading day of the last millennium. However, this simple index measure ignores the impact of dividend income: an investor who reinvested those dividends in the index over the period would have seen the value of their portfolio exceed the previous peak way back in early 2006. In fact, the total return from the FTSE 100 index over 15 years is now a respectable +68%.