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| From: | Phaedrus <Phaedrus@techemail.com> |
| Date: | Wed, 12 Dec 2001 17:31:26 -0800 (PST) |
The first chart is a 35 year history of the NZSE40 Capital Index. (Data by
courtesy of Adam Rands, Iguana2) It is not as bad as it looks. A better
indication of performance is to use the Gross index, which includes dividends,
etc. I have plotted both indices on the same chart over the last 8 years. The
apparent net loss on the Capital Index is in fact a net gain when measured
using the Gross Index.
I was able to refrain from adding some trendlines - it was a struggle though.
Phaedrus.
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