During the 1800s the U.S. was an emerging market. During that time the Tsars ruled Russia and Russian equities trading on the St.Petersburg Stock Exchange performed better than U.S. equities on the New York Stock Exchange. Click to enlarge The above chart shows that Russian stocks vastly outperformed U.S. stocks from 1865 thru 1917. However …
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Last year India’s was one of the best performing emerging markets with the Sensex rising about 26%. Brazil had a lackluster performance with the Bovespa gaining under 8% for the year. Though both are part of the BRIC countries, the economies of Brazil and India differ vastly. For example, India is a major importer of …
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Brazil’s Bovespa index is up just 6.5% year-to-date(YTD) and China’s Shanghai Composite index is basically flat YTD. Investors’ attraction towards China has waned much more than towards Brazil in the past few years. The Shanghai Composite index fell deeper during the financial crisis than the Bovespa. But unlike Chinese stocks, Brazilian stocks have recovered strongly since the …
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The chart below shows the performance of exchange-listed foreign Oil and Natural Gas stocks year-to-date: Click to enlarge Data Source: BNY Mellon Colombia’s Ecopetrol(EC) is the top performer this year with a return of about 32% so far.China’s CNOOC(CEO) and PetroChina(PTR) have also performed well with double-digit rises. Compared to these ADRs, Brazil’s Petrobras(PBR) has …
Continue reading ‘Year-to-date Returns of Exchange-Listed Oil and Natural Gas Producers’ ADRs’ »