0 relating to a situation in which a company buys another company and pays for it with shares in itself, not with money:
Over 40 years to the end of 1997, £1,000 invested in the equivalent of the all-share index, with net income re-invested, would be worth £173,000 today.
If all-share funds represent a significant proportion of the market, one starts to get what one might call "issuance" fraud.
