Single Country Equity Market Returns for Developed Countries 1999 Thru 2018

The following chart shows the annual returns for individual developed countries from 199 thru 2018. Since 2008, the US has been the best performing market for four years. In 2018, global export-driven countries like Germany and Canada were the worst performers.Overall the chart below shows the importance of diversification since no country is the consistent top performer year after year.

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Note” Returns shown are in US dollars.

Source: Lazard Asset Management

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