The stock markets across the globe have continued the last year’s bull-run in 2021. Most markets across the globe have seen huge wealth creation for investors, as global liquidity continues to remain high. Many experts are certain that this bull-run will fall flat sooner than later. But, till then investors are making merry.
We at Kalkine Media bring to you three indices that have outperformed others in 2021.
Source: Kalkine Research
- HNX30: The Hanoi Stock Exchange’s (Vietnam) HNX30 tracks the performance of the 30 largest stocks on the Hanoi Stock Exchange by market capitalisation and trading liquidity. Launched in 2012 with the aim of becoming a reference index, the HNX30 was living under the shadow of the benchmark VN30 Index – that tracks the 30 largest stocks on the Ho Chi Minh Stock Exchange – till 2020. However, things changed after that, and HNX30 has become leader in global return. The index has given year-to-date returns of 54.66% -- the best in the world. In the long run as well, the index has given three-year returns of 133.19% -- again the highest in the world.
- ATX: The Vienna-based Austrian Traded Index (ATX) tracks the prices of the blue-chip companies on Wiener Börse – with composition of the index reviewed twice every year. The most important criteria for inclusion or deletion are the capitalised free float and stock exchange trading volumes. The index seems to have benefitted a lot from the liquidity infused due to the COVID-19 relief packages. Even as the index is a laggard in terms of three-year returns, but on a year-to-date basis it has given an impressive return of 26.11% -- the second best in the world.
- Tadawul All Share: The Tadawul All Share Index (TASI) is Riyadh-based Saudi Arabian index. Operated by Capital Market Authority, the index measures publicly traded companies on the Saudi Stock Exchange (Tadawul). Launched in 1985, it was restructured in 2008. The middle eastern index has offered a return of 22.64% in 2021 on a year-to-date basis – the third highest in the world.