THE BIG STOCK market winners over the past five years are unlikely to have boosted the portfolios of any but the most adventurous of institutional investors.
Looking at purely local currency returns, Ghana leads the way with a gain of 836.37% during this period. Taking account of dollar weighted returns, Iran is the top five-year performer, with a 537.81% gain.
Euromoney looks at three of the most impressive performers of the past five years. Romania’s BET Index recorded a local currency gain of 753% and 406% in dollars, while Kuwait’s KSE Index gained 345% in dollar terms.
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