British pension funds are so globalised, there´s little chance of them avoiding investing in Facebook and GoogleThe population of the US, at 325 million, makes up just over 4% of the world´s total population. But its stock market, fuelled by the rise of Apple, Google, Amazon and Facebook, comprises 60% of the value of all shares traded on the planet. The Dow Jones index of Wall Street-traded companies stood at 16,000 in early 2016, but is about 25,000 now. And the Nasdaq index of tech shares has nearly doubled in just two years. Together, Apple, Google, Amazon and Facebook are now worth $3tn (£2.2tn). Meanwhile, closer to home, the FTSE 100 earlier this week hit a record high.Is this a bubble? And is there anything the average person can do to protect themselves? Continue reading...
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