Emerg(ing / ed) Markets?
January 16th, 2008

While past performance can never be considered as a strong indicator of future returns (in investment term), Time’s Curious Capitalist offered an interesting look back at the world’s ten best-performing stock indices (in dollar terms) since the beginning of the decade:

  1. Ukraine PFTS Index
  2. Russia RTS Index
  3. Peru Lima General Index
  4. Slovak Share Index
  5. Kuwait SE Index
  6. Ljubljana Stock Exchange Index
  7. Nigeria SE All-share Index
  8. Estonia Tallin SE Index
  9. Pakistan Karachi SE Index
  10. Qatar Doha Securities Index

The Nasdaq, as the article notes, ranked 50th, the Dow 53rd, and the S&P 500 59th. The only First World index in the top 20 was Vienna’s, at 12th.


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ABOUT
WILDCATS AND BLACK SHEEP
Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.