ITs to rise by more than broad market

With the FTSE 100 and FTSE World Indices down around 25% in 2002 and the FTSE Investment Companies index falling by nearly 30%, it was another difficult year for equity investors in general. Global equity markets have fallen for three years in a row, a record since the Second World War and defying those pundits who argued a year ago that 2002 would mark the end of the bear market. 2000 and 2001 had marked the first two-year decline since the 1973-74 bear market, so very few investors thought the pain would intensify. Yet markets have suffered even bigger falls in 2002 by and large, t...