00:00So can Yorkshire beat the market? Our test to see if that can happen is a month in but
00:06it's off to a shaky start. My name's Chris Byrne, I'm Yorkshire Post Business and Features Editor.
00:11At the start of July I started something called the Yorkshire Eyes for Experiment.
00:14It's basically a test to see, a simple test to see, if Yorkshire's 59 listed companies
00:20can beat the gains from the market, the London Stock Exchange, over the course of a year.
00:26So far, not so good. The Yorkshire All Share list, the 59 companies bought a virtual share
00:36and each one of them is down 3.93% over the course of the month of July. In contrast,
00:42the FTSE All Share, all of the companies listed on the FTSE is up 3.73% while cash savings rate,
00:50the average cash savings rate in the country is 3.5%. Now it's very early days,
00:56investment is long-term gain and the whole point of doing this experiment over a year is to kind of
01:03show that, that what happens one month isn't necessarily what's going to unfold over the
01:09course of a year. But what's happened so far is also a good reminder that investment comes with
01:18risk as well as potential reward. So we'll see how things progress but come on Yorkshire's listed
01:25companies, we can do better as the year progresses. We will see what happens next month. I'll be back
01:31with an update in September as to how the August performance has gone.
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