Global Equity Market Performance Update: Philippine Phisix Ranks 6th among the Best

Of the 78 countries in the list of Bespoke Invests’ global equity benchmarks, the Philippine Phisix ranks 6^th among the best performers!

Chart from Bespoke Invest

Venezuela whose economy has been suffering from escalating inflation has taken the top spot…

Chart from Tradingeconomics.com

…but real returns appears to have been eroded by resurgent inflation

A brewing symptom of hyperinflation is when surging rates of inflation drives people into stock markets as with the Weimar or Zimbabwe experience.

chart from goldonomic,com

With only 10 nations posting positive returns (among the 78 or 12%) on a year-to-date basis, the US remains in the top 15 down by only 3% and has outperformed her peers. In contrast 25 nations (or 32%)mostly in the Eurozone are in bear market territory.

Aside from the outperformance of the Phisix, ASEAN bourses have been among the top 15.

Indonesia whose gains have been slightly below the Phisix has ranked 7^th whereas Thailand placed 10^th and Malaysia at 15^th.

I expect the rankings of ASEAN bourses to improve by the yearend.