Year to date Aviva shares are down by almost -3.0%, which means they have underperformed the wider FTSE 100 by some -5.50%, during 2023.
What's wrong with Aviva shares?
The stock's performance looks even worse when we look at it compared to the FTSE Financial Services sector which is up +7.90% year to date, or the Euro Stoxx Insurance index that is up even more (+16.60% in 2023). So, what's wrong with the Aviva share price and why is it not outperforming industry indices?
Though Aviva has underperformed the FTSE and its European peers, it is actually among the better performers in the UK Life Assurance sector, where peers Prudential are down...