Latinos lead

Latin America maintains excellent performance, nearly matched by Middle East and Africa

In our graph this month we have taken the indices of the emerging markets of Asia (EM Asia), Latin America (EM Latin America) and the Middle East and Africa (EM MEA) to see how they compare to one another.

Over the three month period from 18/08/05 to 16/11/05 all three markets have posted a significant rise in performance. Top of the league is EM Latin America, which from a base around the 100 points mark is now topping 125 points, despite a sharp decline in October, from which it quickly recovered. EM MEA also performed well, matching the progress of EM Latin America for much of the period, but fails to quite match up toward the end of the three-month period.

EM Asia, meanwhile, posts a lacklustre performance, crawling along the bottom of the chart. After a slight decline right at the end of October the index rallies but is showing some evidence of a tail-off again toward the middle part of last month.

Away from the graph and emerging markets, we have chosen to take a closer look at the European companies that appear in our index in the chart below. There’s a decent smattering of brewer and spirit producers at the top end of things but a distinct lack of any presence from the wine sector.

InBev has performed best out of the Europeans over the period, with a 13.4%  rise in price. Diageo comes in a close second up 8.9%.