The US and UK indexes are reviewed this month. Taking the US index first, two growth product indexes have fallen over the month, with the US income index recording a positive change. The S&P 500 has risen by almost 9% since the end of July 2009, during which time the US income and accelerated indexes have marginally outperformed the US market benchmark index.
The FVC indexes are for five-year products that were priced at the end of January 2005, since which the S&P 500 has fallen almost 10%. The