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Tuesday, 17 August 2010 00:55 |
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While many investors have focused in on emerging markets in order to bring much needed growth to their portfolios, it is a developed economy that has earned the title of the world’s top-performing equity market–since the beginning of the 20th century at least. According to a recent study by Credit Suisse, the Australian stock market has turned in the best performance over the past 110 years, posting an annualized return of 7.5% a year during that extremely long-time period. Perhaps more impressively, Australia exhibited the second lowest volatility of the 19 markets in the study (with a standard deviation of 18.2%), suggesting that the country has been able to boast strong, steady gains for decades.
This stellar return by Australia manages to beat their American counterparts by a relatively wide-margin; U.S. markets during the same time period showed gains of 6.2% a year since 1900–with a 20.4% standard deviation per year–suggesting [...] Click here to read the original article on ETFdb.com. 
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