While investors may not have gained much by investing in equities, volumes in some segments of Indian equity market have increased manifold in the past five years.
Except for the fact that both gold and silver are used for making jewellery, hardly anything is common between the two metals.
Gold is the only asset that has given positive returns to all Indians in four out of the past five years since the launch of FC.
FII was a generic term, when we launched Financial Chronicle five years ago, for any money coming from any part of the globe into the Indian stock market.
A few months ago, a fund manager from a leading private sector mutual fund house said that investors should not look at the past performances of mutual fund schemes.
Equity has suffered the most as an asset class in the past five years since Financial Chronicle hit the stands on April 16, 2008.
As FC completes five years, the global economy and equity markets have come full circle. In 2008 money was rushing out of US markets and into emerging markets.
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William D. Green
Chairman & CEO, Accenture