You are here: Home - Saving & Banking - News -

Mixed equities performance in 2007

Written by:

Mining stocks were the top performers in 2007 but banks showed the largest losses, according to Trevor Greetham, manager of the Fidelity Multi-Asset strategic Fund (MASF).

Mining stocks delivered returns of 56% in dollar terms, while investors in banks saw their return fall by an average of 9%. The UK stock market followed roughly the same pattern, with mining stocks showing the same return of 56%, while UK bank stocks fell by 16%. The financial sector was not the worst performer in the UK however – general retailers recorded a loss of 22%.

Greetham said: “While equities did deliver positive returns in 2007 – they finished the year up 11% – the stock market indices were increasingly volatile and sector performance was very mixed. Strong returns from companies in basic materials and oils were offset by corrections in financial and consumer stock prices.”

Related Posts


Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Bank calls US recession

Investment bank Merrill Lynch has suggested the US is already in recession.