India underperformed emerging markets in general by almost 10% and both mid and small size/cap companies dramatically underperformed the large cap companies. In a country where almost one billion people are elegible to vote, another successful election took place in...
The MENA region had a good quarter, gaining over 4% as Kuwait (+12%) and Saudi (4%) drove the main index higher. However, relative to emerging markets, MENA continued to lag for the quarter and closed the year 2019 trailing the MSCI EM index, 19% vs 13%. The Saudi...
Despite the turmoil seen in Iraq over the past few months, the Iraqi market managed to show some strength close to the year. Investors are clearly seeing through the turmoil, and after a seldom seen 6 year long bear market (the stock market crash of 1929 lasted 2.8...
The MSCI India index gained 6% for the year and thereby underperformed emerging markets in general by almost 10%. It was a year when large companies did well and material underperformance by both mid and small size/cap companies. This can be illustrated by another...
In the fourth quarter, we saw an acceleration of foreign capital inflows along with the return of Chinese capital back into the stock market. This was helped by a combination of further capital market reforms and the easing of tensions in the China-US relationship...
