The MSCI US Index was actually slightly down for Q4 (-0.9%), allowing international stocks to catch the US for the year, after a big lag all year. Emerging Markets even finished ahead of the US, as well as the World. You can see how the major asset classes finished the year in the chart below.
Germany and France ended up as the top two G7 stock markets for 2012, up 27.2% and 17.7%, respectively. China ended the year up 19%, while Brazil was down 3.5% for the year. Turkey was the best returning country we track, up 60.5% in 2012.
Here in the US, Financials ended the year up the most (26.3%), followed by Consumer Discretion (21.9%) and Healthcare (15.2%). Utilities finished the year negative, while Energy was slightly up.
Keith Hays & Justin Wood
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