Market indexes measuring UK equities, particularly domestic-oriented UK equities, saw quite a boost in 2017, weathering Brexit speculation, a new US presidential administration and other local market concerns, according to global index provider FTSE Russell.
- The FTSE 100 Index, a market-capitalization weighted index which measures performance and characteristics of the 100 largest companies listed on the London Stock Exchange, closed at an all-time high on December 29, capping a 12% rise (total return) for the year.
- The FTSE 250 Index, a market-capitalization weighted index which measures performance and characteristics of the 101st to 350th largest companies listed on the London Stock Exchange, closed at and all-time high on December 29, capping a nearly 18% rise (total return) for the year.
Philip Lawlor – managing director, global markets research, FTSE Russell:
“In 2017 UK equities benefited from the positive sentiment surrounding global equity markets generated by the view that synchronized growth was good for both risk appetite and corporate profitability, with the FTSE 250 Index outperforming the FTSE 100 Index in 2017. This was due in part to the respective contribution of the Industrial, Consumer Services and Financials ICB® Industries. In addition, the rally in trade-weighted sterling since August last year created headwinds for the FTSE 100 due to its heavy skewing to corporate revenues generated outside the UK.”
Get more information on the FTSE UK Index Series.
Data source: FTSE Russell, data as of December 29, 2017. Past performance represents total returns and is no guarantee of future results.
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