Towards ‘briclipse’

It was with a shock that I discovered that the US stock market has done better than the universe of emerging market stocks, Asian stocks (excluding Japan), India, China, Brazil and Russia or BRIC independently as well, since the beginning of 2008. This conclusion stems from the analysis of total returns (measured in US dollars) for the universe of stocks in the Morgan Stanley Capital International indices for the respective geographical entities (see graphic).

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