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Has the FTSE 100 really performed as badly this century as it appears?

  • Written by Enrico Onali, Professor of Finance, University of Exeter

Apple has become the first company worth US$2 trillion (£1.7 trillion), meaning that it is now more valuable than all the companies in the FTSE 100 (they add up to £1.5 trillion). This is extraordinary news about one American tech company, but it also points to the fact that FTSE 100 share prices have performed poorly against rival...