Emerging Markets Rise Sharply from March Lows, Greatly Outpacing Developed Peers

Emerging market indices have outperformed developed markets since the lows reached on March 9 this year. The following table lists the performance of select indices:

S.No.	Index	% Change from March Lows
1	Singapore-Straits Times	53.62%
2	Hong Kong - Hang Seng	53.29%
3	India - Sensex	45.54%
4	Indonesia -Jakarta Composite	44.75%
5	Taiwan Index	42.25%
6	Mexico Bolsa	41.98%
7	US -S&P 500	37.35%
8	US -Nasdaq	37.08%
9	US -Dow Jones	30.97%
10	Spain - IBEX	38.00%
11	Germany - DAX	33.09%
12	France - CAC	31.49%
13	UK - FTSE 100	25.96%

The top markets in the global recovery were Singapore and Hong Kong, with both rising over 50%. During the same period the S&P 500 is up 37%. Latin American emerging markets such as Brazil and Mexico were up around 40% and 42% respectively. Among the major European markets, the UK’s FTSE 100 is the laggard with a gain of just 26% in the same time.

Comments

[JSweetness:]

i think a little too much is made of these percentage moves. just so far as the math is concerned, these companies are simply higher beta, and they have larger percentage downside moves, making their percentage move off the bottom seem greater in magnitude. what i think is important is total percentage change from the 07 top

May 11 03:57 PM

[Larry House:]

I think EMs offer the best chance for growth over the next few years. I am long China, and will add other Asia EMs on pullbacks.

May 12 03:17 PM