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:

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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.