Developed market index returns

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Developed market index returns chronicles the annual returns of international developed market stocks as measured by stock indexes.

The growing proliferation of indexes from index providers, along with a corresponding growing number of index funds and exchange-traded funds (ETFs), creates a number of issues for investors, since the index returns of the different providers result in a dispersion of both yearly and multi-period returns. These return differences are mainly due to the differing methodologies index providers utilize in constructing their indexes. Different benchmarks cover varying ranges of stocks, have different selection criteria for growth versus value, and are even maintained and rebalanced differently. [1]

Developed market index returns

The most frequently used benchmark for International Developed Market stocks is the MSCI EAFE index, which dates from 1970 to the present day. From the beginning of the twenty first century, other major index providers introduced international indexes.



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Indexes: FTSE Developed ex-North America Index; Morningstar Developed ex-U.S. Index; MSCI EAFE Index; Russell Developed ex-U.S. Index; S&P Developed ex-U.S. Index

Country Representation (2010)
FTSE [2] Morningstar [3] MSCI [4] Russell [5] S&P [6]
Australia
Austria
Belgium

Denmark
Finland
France
Germany
Greece
Hong Kong

Ireland
Israel
Italy
Japan
Luxembourg
Netherlands
New Zealand
Norway
Portugal
Singapore
South Korea
Spain
Sweden
Switzerland

United Kingdom
Australia
Austria
Belgium
Canada
Denmark
Finland
France
Germany
Greece
Hong Kong

Ireland
Israel
Italy
Japan

Netherlands
New Zealand
Norway
Portugal
Singapore
South Korea
Spain
Sweden
Switzerland
Taiwan
United Kingdom
Australia
Austria
Belgium

Denmark
Finland
France
Germany
Greece
Hong Kong

Ireland
Israel
Italy
Japan

Netherlands
New Zealand
Norway
Portugal
Singapore

Spain
Sweden
Switzerland

United Kingdom
Australia
Austria
Belgium

Denmark
Finland
France
Germany
Greece
Hong Kong
Iceland
Ireland
Israel
Italy
Japan
Luxembourg
Netherlands
New Zealand
Norway
Portugal
Singapore

Spain
Sweden
Switzerland

United Kingdom
Australia
Austria
Belgium
Canada
Denmark
Finland
France
Germany
Greece
Hong Kong

Ireland
Israel
Italy
Japan
Luxembourg
Netherlands
New Zealand
Norway
Portugal
Singapore
South Korea
Spain
Sweden
Switzerland

United Kingdom

References

  1. The Case For Indexing, Christopher B. Philips and Frank J. Ambrosio, Vanguard Investment Counseling & Research, 2009, pp.12-13.
  2. FTSE Factsheets
  3. Morningstar Global Equity Rulebook
  4. MSCI Developed Membership
  5. Russell Global Methodology
  6. S&P Citigroup Global Market Factsheet

External links

Provider links

Methodology

Papers

Data sources