Looking at the BRICs, you may find it hard to believe given its recent crash that China is up the most with a YTD gain of 13%. Russia is up 8.6%, while India and Brazil are up roughly 2%.
On the downside, Kenya, Colombia and Nigeria are down the most with losses of 13%. Overall, performance across the globe has been strong when looking at full-year returns, even though we’ve seen a lot of weakness recently. We’ll post these results again at the end of the third quarter to see where things stand heading into the final three months of the year.