World Equity Markets See Negative Three-month Period
An S&P press release said developed equity markets lost 1.56% in August and have fallen 11.55% over the past three months. The world’s emerging equity markets fell 7.09% in August and 19.40% over the past three months.
For August, within emerging markets, only the Philippines (+1.68%) and Thailand (+0.90%) managed to produce positive gains in August. Pakistan declined 20.57% as political unrest continued, while Russia declined 15.23%. Within developed equity markets only the United States (+1.54%) and the Netherlands (+0.85%) produced positive returns during the month.
Six of the ten GICS sectors declined in August as
Materials posted a -6.99% return. Consumer Discretionary
in the U.S. rebounded to produce a return of 1.89%, but
the ex/U.S. component of the group was off 1.99% for the
month.
Growth and Value were both down in August, but
performance was split by region, S&P said.
Growth’s overall 1.60% decline during the month was
the result of a 6.63% drop in the Asian Pacific market
and a 1.46% gain in the North American region. Value saw
similar results, declining 1.50% during the month with
Asia Pacific down 4.46% and North America up
0.92%.
The World by Numbers for August can be accessed in full by going to www.worldbynumbers.standardandpoors.com .
S&P/Citigroup BMI Total Returns* | |||
August - 08 | |||
1-Month % | 3-Months % | 12-Months % | |
France | -3.01 | -14.68 | -12.96 |
Germany | -5.90 | -14.53 | -9.54 |
Japan | -4.16 | -13.60 | -15.92 |
United Kingdom | -3.01 | -12.76 | -17.25 |
United States | 1.54 | -7.40 | -9.78 |
Asia Pacific | -4.45 | -17.39 | -15.87 |
Europe | -13.74 | -26.40 | -10.21 |
North America | 1.20 | -7.89 | -8.91 |
Dev. World | -1.56 | -11.55 | -12.09 |
Brazil | -10.04 | -24.38 | 21.50 |
China | -7.82 | -17.76 | -19.80 |
India | -1.35 | -15.19 | -10.83 |
Russia | -15.23 | -33.30 | -11.23 |
South Africa | -4.51 | -11.25 | -8.18 |
Taiwan | -1.35 | -18.39 | -16.29 |
Emerging Markets | -7.09 | -19.40 | -7.27 |
*Country returns in $US
Source: Standard & Poor's
Data as of: 8/31/08