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Variance in the Top Performing Country Indices
2009 was a turbulent year for developed and developing equity markets and there was a wide divergence between the best and worst performers. In the developed world, Japan was the only country that delivered negative performance, returning –5.4% in sterling terms compared to Australia which was the best performing developed market, returning 57%*.
Please click here to download our sales aid that details the top performing country indices for developed markets on one side and the top 5 and bottom 5 performing emerging markets on the other.
I hope these charts are useful to share with your clients. In particular they emphasise:
- The phenomenal range of returns available in both developed and developing markets.
- That few countries repeatedly outperform.
- How difficult it is to predict where the best returns will be achieved from year to year.
We believe this makes a strong case for a diversified portfolio that selects stocks not countries - exactly what the Lazard range of funds provides. Specifically we look for companies that can exhibit sustainably high or improving returns, at attractive valuations.
I hope this sales aid will help you draw attention to the benefits of the Lazard investment process and the funds that it underpins.
If you would like more information on any of the funds within the Lazard range, please don’t hesitate to contact me or a member of the team on 0800 374 810 or contactuk@lazard.com.
*Source: MSCI, Factset, MSCI Country indices, net dividends reinvested
Kind regards
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