Replies to post #144 on AIM UK

[ls7550]

Hi Tom.

Amazing how similar the UK and USA graphics compare

I don't think that correlation is going to break down any time soon.





The biggest more recent difference is the dividends. Your dividend taxation has become more biased towards retention of earnings rather than distribution. Ours is more biased on the distribution side. On a price only basis you therefore tend to see the Dow/SP500 pulling ahead of the FT100. On a totals return however I don't think there's much between the two.

Best regards.
Clive.