I often review the performances of major equity market indexes over a longer time horizon, in this case since the beginning of January 2000. Taking into account the performance in the recent financial press of the main benchmark Japanese equity index, the Nikkei 225 for the past year and the business restructuring that has taken place with it constituents, this is in terms of business management and financial reporting, not specifically market structure, the Japanese benchmark still did not beat the performance of the Nasdaq 100 as illustrated in the below chart for the period end of 30/12/2022 until end of 04/01/2023 (approx. 1 year trading year). 

What is interesting to the uninitiated if I look back from the beginning of January 2000 there is a noticeable performance upside for the UK listed mid-cap index (FTSE 250) against the S&P 500, but a very wide difference between the FTSE 250 and the FTSE 100, there is a real persisting issue with the FTSE 100 performance and how large cap UK equity fund managers can hold onto their jobs is staggering. Yet again for those who are uninitiated with reviewing and analysing index performances the Nasdaq 100 has beaten the chosen selection for the chart below. Please bear in mind the chosen indexes represent some of the largest market and liquid indexes that can be replicated by an ETF. The idea of examining these is to focus the investors mind on what a discretionary managed portfolio with individual securities or funds does over a time horizon and really grasp the limitations and excuses made by so-called investment professionals including all the marketing produced and their sales processes. 

I want investors to ask what is the real value of people who in many cases are really highly paid together with those that support them justifying their jobs or own accumulated wealth from these occupations.