Highest yielding shares underperformed FTSE 100 over five years

It shows that if investors had picked the 10 highest-yielding shares on the FTSE 100 index five years ago, these shares would have underperformed the benchmark. Brewin Dolphin, the wealth manager which did the analysis, also carried out the same research over 10 and 15 years, with similar results, but the difference is particularly stark over the five-year period. Over that period the highest yielding shares would have underperformed the FTSE 100 index as a whole by 3 per cent.