UK - Cash was the second best performing asset in 2001 with a return of 5.2%, according to research by ABN Amro and the London Business School.
It was beaten only by mid-term gilts which managed to achieve 5.3%.The survey – Global Investment Returns Yearbook 2002 – reveals that 2001 showed big performance differences across investment styles, with value stocks outperforming growth stocks.
The report noted that since 1900 value investment had beaten growth investing by, on average, 3 percentage points per year.
Investors in small cap value stocks did best of all with the Hoare Govett Smaller Companies Index making positive returns of over 15%.
By Jonathan Stapleton
This week's edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
The aviation sector's constant evaluation of mistakes to improve safety should be applied to defined benefit schemes, as too many are making the same mistakes again and again, latest research shows.
A month of strikes are due to hit 64 universities from tomorrow over major reforms to the Universities Superannuation Scheme (USS).