With returns of minus 7.6 percent (sterling cautious), minus 9.1 percent (sterling balanced asset), minus 10.2 percent (sterling steady growth) and minus 11.4 percent (sterling equity risk) 2022 turned out to be a very bad year for sterling-based, at least according to the private client indices (PCIs) produced by Guernsey-based Asset Risk Consultants (ARC).
According to ARC, the PCI returns were the second worst recorded since the inception of the indices in 2004. They were on...