Gilts top performance charts
Gilts top performance charts
GILTS OUTPERFORMED every other UK financial asset during 1998, according to a new study, although this pattern is unlikely to be repeated in 1999.
The annual CSFB equity/gilt study found that gilts delivered a return of 25 per cent last year. The return on equities was 14 per cent. Cash returned just 8 per cent. Returns for all asset classes were substantially above their long-term averages. Next year, however, returns are forecast to be far more modest. According to CSFB, equities will return just 8 per cent, and gilts between 4 and 5 per cent.
Jeremy Warner, page 2
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies