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A decade on since FTSE 100 hit bottom at 3,287

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A decade on since FTSE 100 hit bottom at 3,287

 

–       FTSE 100 returns 93% over 10 years

–       Technology sector is best performing returning 369%

Adrian Lowcock, Senior Investment Manager at Hargreaves Lansdown, looks at how investors have fared over the last 10 years.

 

In the last 10 years the FTSE 100 has risen 3,074 points or 93% since the low of March 2003, although it remains a little way off the high point of 6,732 reached on 15th June 2007.  Whilst the market has risen over the last 10 years there have been some big winners and losers during that time.  The Banking sector has been the worst performer over the last 10 years and the only sector to post a negative capital return with the FTSE All-share/banks returning -20%. The Technology sector posted the best performance with the FTSE All-share/Technology returning 369%, recovering from the lows seen in the years following the Dotcom bubble.

 

 

Performance of FTSE Sectors from 12 March 2003 to 28th February 2013

 

All Share Sector

% Growth
FTSE All-Share/Banks CR

-20.25
FTSE All-Share/Financials CR

22.81
FTSE All-Share/Health Care CR

78.02
FTSE All-Share/Telecommunication CR

100.11
FTSE All-Share/Oil & Gas CR

110.22
FTSE All-Share/Consumer Services CR

112.91
FTSE All-Share/Utilities CR

179.25
FTSE All-Share/Basic Materials CR

280.44
FTSE All-Share/Consumer Goods CR

346.31
FTSE All-Share/Industrials CR

360.45
FTSE All-Share/Technology CR

369.08

 

Adrian Lowcock says;-

 

“The technology sectors strong performance over the last 10 years highlights the contrarian nature of the stock market.  However, it is difficult for any investor to go against the trend and take such risks. Instead investors should focus on their long term investment goals and invest whenever they can afford to do so.”

 

“It is time in the market not timing that counts. Even though the FTSE 100 remains below its all-time high (6,930 on 30th December), if you had been invested all that time, with dividends reinvested, you would have been up 44.73%. In addition picking the right funds can transform your portfolio and make the nominal value of an index meaningless.”

 

Recommendations

 

Schroder UK Alpha Plus – Richard Buxton takes a long term view and is able to spot some opportunities before others – a distinguishing feature of all great investors.  Having the conviction to back them is equally important and Richard holds only 30-40 companies in his fund which means each idea has a significant effect on performance. You will never see his portfolio padded out with mediocre holdings just to make up the numbers. This fund has the potential to deliver superb returns, in a variety of economic conditions.

 

JO Hambro UK Equity Income – The managers believe the UK economy is performing better than most commentators expect. The fund continues to have a bias towards more economically-sensitive companies and has performed well recently as a result.

 

Bridesmaids Review: Is The Tide Turning For Women In Film?

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Women in films used to be sassy, brilliant, full of quips, But somewhere along the way, we lost it all. Rosalind Russell was replaced with Shannon Elizabeth (The actress in American Pie, who was there to be a sex object and show her breasts), and Katherine Hepburn, replaced by, oh, all those actresses in those dire 1980’s films, too many to name, who were there solely to take their clothes off.

Some people think the film Bridesmaids is ‘ground-breaking’. It is, because Bridesmaids just became a Box Office hit, taking a smidge below $150 million – so far. It was a mainstream comedy written by women, starring women, about women, which won in the only way Hollywood recognises, by making money.

Helen Mirren once said that Hollywood wasn’t sexist, it just made films that people wanted to see. Young men go to the cinema more often and go to see films they liked. Women will only see more films with women if they go out and see them. Vote with your purses!

Bridesmaids is funny, it has wowed critics and audiences alike and it breaks even more boundaries, the actresses are (shock, horror!) not all 21 and a size zero. Some of them are in their 30s and are beautifully curvy. There is nothing wrong with being thin (I have been discriminated against for being thin, so I know it works both ways), I am just sick of my friends thinking they are fat when they are not.

Zoe Williams said this film was more feminist that Thelma and Louise and urged everyone to go and see it.  I am doing the same. Salon’s Mary Elizabeth Williams went even further, saying the film is ‘your first black president of female-driven comedies’.

It is ironic that as women have progressed, on screen we’ve only gone backwards. As an actress, I know more than most about what people cast and what they want. Women have to be between a size 8-12. Size 12 being a grey area, it hurts an actress to be more than a size 10. I was told by one casting director than anything above a size 10 meant ‘character actor’.

Some people have attacked Bridesmaids for not being ‘feminine’. Do they ever attack men for not being ‘gentlemen’?  I think not. Women have to be celebrated, we have to have our stories told and not just as naked, skinny, 21-year-olds. I will soon be making my own movie about women and their lives, and I thank Bridesmaids for clearing the way.

1.Bridesmaids
2.Production year: 2011
3.Country: USA
4.Cert (UK): 15
5.Runtime: 125 mins
6.Directors: Paul Feig
7.Cast: Chris O’Dowd, Ellie Kemper, Jill Clayburgh, Jon Hamm, Kristen Wiig, Matt Lucas, Maya Rudolph, Melissa McCarthy, Rose Byrne, Terry Crews, Wendi McLendon-Covey