Investors face five-year wait to recover losses

Investors that put money in at the top of the UK bull market could be waiting more than five years to recover their initial investment as leading fund managers predict slow growth moving forward. Those who invested in UK All Companies funds two years ago are sitting on losses greater than 30%, on average. Between 17 July 2000 and 15 July 2002, funds in the UK All Companies sector on average fell by 31.84%, on an offer to bid basis, according to Standard & Poor's. To restore investors' capital to its original level, funds would have to rise by 46.71% on average over one year. To resto...