Performance not linked to rates

There is little proven correlation between interest rate cycles and relative sector performance, according to research from Standard Life Investments. Ken Forman, global investment strategist at the group, said Standard Life has analysed UK interest rate cycles over the past 15 years, looking for consistency in sector behaviour. Over this period there were 10 turning points in the US market and nine in the UK. In looking at a representative sample of 16 sectors drawn from across 10 categories for both markets, Standard Life analysed the performance of these relative to the overall stoc...