Towards the end of last week, the financial pages were heralding the best quarter in five years for the FTSE 100 index, and it ended the month with a rise of 21.3 to officially close for the quarter on 7,636.93. That represented an eight percent gain over the entire quarter, comfortably the strongest since the first quarter of 2013.
This came in spite of June itself seeing the index fall by half a percentage point amid global trade tensions sparked by the sabre rattling taking place in the USA and China.
Good news for investors
The short-term numbers might look a little worrying, with the FTSE index taking a further dip as trading got underway on Monday, but the big picture perspective suggests that those following FTSE 100 index trading strategies have got the right idea when it comes to the long term.
Holding an index tracking fund is often compared to spread betting, and while some see the parallel with gambling as something that might put them on their guard, it is a far more appealing option that the obvious alternative of holding shares in individual companies on the FTSE 100.
Recent events have shown that when it comes to the latter option, nothing …