October 2018
On a year-on-year basis, all the countries considered showed real declines in their equity markets. The South African, Nigerian and Kenyan markets showed significant negative nominal equity returns (in excess of 10%) over this period. This is mirrored by the FTSE Emerging Market Index performance over the same period, which confirms the global nature of the emerging market depression, fuelled in part by capital flight from these markets to a more favoured US market.

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Categories: Insights