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What is driving the FTSE100....
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Back to the original question, value has outperformed growth. Income-generating companies are not a perfect proxy of value but they generally move in the same direction. Over the last year the FTSE100 had gone up 26% while Vanguard's UK equity income index fund had gone up 37%. Globally, value has had a good year, and since the FTSE has a lot of plodders that generate reliable income with limited scope for growth, that has benefited the UK stock market.
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