UK market underperforming

The UK stock market has underperformed since the current global stock market rally began at the end of the first quarter last year. Further underperformance is anticipated over the coming six months, as investors brace themselves for interest rate increases. Over the eleven months since the UK market"s nadir on 12 March 2003, the 34% return from the MSCI UK Index, although impressive, is still behind the 43% return produced by the MSCI World Index, while it looks positively pedestrian compared to the massive 81% return from the MSCI Germany Index over the same period (returns in local cur...