Emerging equity markets shine in October
Developed equity markets returned 3.4% in October, while emerging equity markets gained 11.07%, according to Standard & Poor’s data released yesterday. Hungary the only to show a loss.
Among the 26 major developed markets in October, the UK gained 6.38%; Germany, 4.5%; France, 4.14%; the US, 1.97%; and Japan, 0.12%. Only Sweden posted a loss in October, dropping 2.09%. Among major emerging markets, China gained 16.15% and India, 16.01%; Hungary was the only emerging market to show a loss last month, declining 1.87%.
“Concern over corporate earnings charges placed a heavy burden on financial markets in October,” Howard Silverblatt, senior index analyst at Standard & Poor’s, said in a statement about the results. “However, with the exception of the thrifts and mortgage finance subindustry, world equity markets showed strong returns … despite the higher volatility and uncertainty in the marketplace.” All performance numbers are total returns, including dividends, based on the S&P/Citigroup Broad Market index. (pensions&investment))
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