Investment Newsletter January 2014
A Happy New Year to all By Mike Deverell Investment Manager
2013 was a very kind year for most investors and December turned out to be a good month after a difficult start. We eventually saw the usual “Santa Rally”, the FTSE 100 finishing the year at 6,749 after beginning December at 6,650. It didn’t look like it would happen for a while, especially when the index dropped to 6,440 on 13 December. However, the subsequent rise means that the FTSE 100 has gone up in December every year except one since it was created in 1984. Given how much the FTSE 100 is ingrained in most UK investors’ psyche it always surprises me it is only 30 years old this year!
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