Gavekal Capital: Reviewing February Equity Returns

Monday, March 2, 2015

Reviewing February Equity Returns

February ended up being a month where cyclicals and developed markets outperformed. On an equal-weighted, USD basis, the material sector was the best performing developed market sector in February. Materials were up 7.2%, followed by information technology (6.7%) and consumer discretionary (5.7%).  Utilities was the only sector that ended the month in negative territory (-3.1%). The average stock in the MSCI World Index was up 4.6%.

The emerging markets had a slightly tougher time in February. The averages stock was only up 0.2% and six out of the 10 sectors ended the month with negative performance. However, it was still a cyclical led market in the emerging markets as well. The best performing sector was industrials (2.8%) followed by materials (2.2%) and energy (1.3%).

MSCI World Performance By Sector
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MSCI Emerging Markets Performance By Sector
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MSCI World Performance By Industry Group
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MSCI Emerging Markets Performance By Industry Group
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MSCI World Top 10 Best Performing Stocks
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MSCI Emerging Markets Top 10 Best Performing Stocks
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MSCI World Bottom 10 Worst Performing Stocks
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MSCI Emerging Markets Bottom 10 Worst Performing Stocks
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