GRAPHIC-Emerging markets hard-currency debt, stocks shine in Q1

martes 31 de marzo de 2015 07:00 GYT

By Karin Strohecker

LONDON, March 31 (Reuters) - Hard-currency corporate and sovereign debt as well as equities were the best performers across emerging markets in the first quarter of 2015, while local debt and currencies continued to suffer.

Offering exposure to both a strengthening dollar and robust emerging market economic growth, hard-currency corporate and sovereign debt chalked up gains of some 2 percent over the first three months of the year.

Meanwhile emerging market stocks, riding the tailwind of a global equity bull market, gained 1.7 percent over the same period after two consecutive quarters in the red, as this graphic shows:

The start to the year has also seen a dramatic turnaround for some emerging and frontier market trouble spots.

Argentina's MSCI country index has soared by almost 30 percent, making it the star performer of the MSCI Frontier Market country indexes. Kenya and Estonia meanwhile clocked up gains of 6 percent apiece, as this graphic shows:

Eastern Europe produced the best performers across emerging markets' MSCI country indexes, with Russia rising more than 18 percent and Hungary up more than 17 percent, as this graphic shows:   Continuación...