RPT-GRAPHIC-Peripheral bonds, frontier stocks top first-half investment league

lunes 30 de junio de 2014 05:26 GYT

(Repeats, without changes, story first published on Friday)

LONDON, June 26 (Reuters) - Frontier stocks and bonds from the euro zone's weaker government debtors yielded 20-30 percent returns in the first six months of 2014, while Chinese shares and copper languished at the bottom of the investment leagues.

Tentative economic improvements and support from the European Central Bank has buoyed relatively high-yielding peripheral debt this year, with Greek and Portuguese 10-year bonds returning 27 and 23 percent respectively, outgunning German and U.S. counterparts, according to the following graphic on global asset performance in dollars:


For a graphic on government bond returns click:


While gains in the second quarter slowed versus the first three months of 2014, peripheral markets also benefited from the ECB move to cut deposit rates into negative territory in order to yank the euro bloc away from deflation.

Frontier stocks from African or Middle Eastern markets were also the best performers in the second quarter of 2014, building on the first quarter's 7.2 percent gain. These markets tend to be less correlated with broader world markets.

The Reuters-Jefferies CRB commodity index, made up of 19 key commodities, is up more than 11 percent.   Continuación...