How Currency Can Impact Stock Market Returns

While the UK stock market did better in local currency terms in 2016, the US was a much better place for people's capital because of the rise in the dollar versus sterling

Dan Kemp 10 February, 2017 | 8:00AM
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Dan Kemp: Looking back at 2016, which stock market performed better, the U.S. or the U.K.? That's actually a more complicated question than it sounds. While the U.K. did better in local currency terms, the U.S. was a much better place for people's capital because of the rise in the dollar versus sterling.

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Dan Kemp

Dan Kemp  is Chief Investment Officer, Morningstar Investment Management EMEA