Thursday, 23 February 2012
All time highs for total return indices: FT all shares UK yes, SP almost
We are used to watch only the price indexes of equities without the dividend income.
When you watch the total return indexes you get (of course) a more positive impression. You see then that the relentless proceeding crash of 2000-2003 thanks to the dividends was entirely overcome in 2007 in most countries. In 2012 a lot of total return indexes are near all time highs or setting all time highs. The UK all share total return has set a new high and the S&P500 is only about 3% away from the all time high.
Several European indexes have done worse, for example the Dutch AEX that did (just) not set an alltime high in 2007 and now is still quite far away of the levels of 2007.