Tuesday, September 29, 2020

British FTSE trading like an emerging market

 My August financial independence monthly update contained graph, comparing various indexes. This included British Financial Times Stock Exchange Group (FTSE) and Moscow Exchange (MOEX). 

Couple days ago “Fortune” writer Bernard Warner made similar observation, but his writing made it to Yahoo finance. British FTSE is performing worse than Russian market in 2020

Figure1. British FTSE trading like an emerging market and trailing behind Russian index in 2020

Lets see Bernard’s arguments: