Down but not out: Innovation key to UK recovery as Brexit and vaccine fog slowly lifts

Deep Dive into UK equities

On New Year’s Eve 1999, the FTSE 100 closed at a then-record high of 6,930. Few would have envisaged that 20 years later we would be at 6,603, lower than where we were at the turn of the century.

This is hardly something to write home about in terms of the performance of a headline index. At the same time, the S&P 500 has gone from 1,455 to 3,740, more than 2.5 times its initial level and the German headline index, the DAX, has almost doubled its value from 6,750 to 13,860. So, what happened - is this just a countdown before the take off?  Calastone: Vaccine causes second highest equity flows ever As an asset class, UK equities are often benchmarked against the FTSE 100 index. However, as around 70% of the collective earnings of the FTSE 100-listed companies comes from a...