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Moreover, performance using international benchmarks has been variable – particularly in relation to equity.
Using skewed benchmarks has serious consequences beyond leading investors to mistake a simple market "breather" for a bear market.
Only the presence of a second set of investors, mainly British and other Europeans who are constrained by their benchmarks, has prevented an even bigger sell-off.
The integrity of foreign exchange rate benchmarks has been called into question after the City regulator launched an investigation into potential manipulative trades in the currency markets.
It says too many public services are "poor and patchy", adding: "Performance when compared with UK and international benchmarks has a long way to go to reach 'best in class'".
Adrian Lowcock, head of investing at Axa Wealth, explained: "The outperformance by ethical benchmarks has been driven by the poor performance of oil and mining sectors... Most ethical funds have no exposure to these areas and so have protected investors from the falls".
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Both benchmarks had their biggest gains in a month.
Both benchmarks had their biggest gains since June 7.
Criteria had been set up, benchmarks had been established — Was he eating live fish?
Criteria had been set up, benchmarks had been established** — **Was he eating live fish?
Advertising revenue and circulation, two industry benchmarks, have come under tremendous pressure in the last few years.
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