Countries used in the analysis, returns and performance of EBI

Countries / regions considered (41 Morningstar categories)

Advanced Economies (22)
Emerging Markets (11)
Regions (8)
Austria; Australia & New Zealand; Canada; Denmark; France Large Cap; Germany Large Cap; Germany Small & Med. Cap; Italy; Japan Large Cap; Japan Small & Med Cap; Korea; Netherlands; Norway; Singapore; Spain; Sweden; Switzerland Large Cap; Switzerland Small & Med Cap; UK Large Cap; UK Small & Med Cap; USA Large Cap Value; USA Small Cap 
Brazil; China; Hong Kong; India; Indonesia; Russia; Taiwan; Thailand; Turkey; Vietnam
Africa; Asia; Eastern Europe excluding Russia; Eurozone Large Cap; Eurozone Small Cap; Latinamerica; Middle East & North Africa; Nordic Countries
Starting in 2017q1, "Nordic Countries" replaced Portugal

Country or region ranked first (return and ranking)

Top choice according to EBI, its return and actual ranking among 41 countries/regions

Period
Country / Region
Return (%)
Ranking
2015q4
2016q1
2016q2
2016q3
2016q4
2017q1
2017q2
2017q3
2017q4
2018q1
2018q2
2018q3
2018q4
2019q1
2019q2
2019q3
2019q4
2020q1
2020q2
2020q3
2020q4
2021q1
2021q2
​2021q3
​Indonesia
Brazil
Brazil
Brazil
Portugal
Italy
China
Russia
China
Brazil
Norway
Norway
Turkey
Thailand
Turkey
Eurozone S Cap
USA S Cap
Denmark
Eurozone L Cap
Indonesia
Indonesia
Indonesia
Austria
​Turkey
21.2
19.2
15.3
10.6
4.3
9.0
2.2
11.8
5.8
6.6
12.0
6.1
4.5
9.4
2.0
-2.0
5.6
-16.8
15.9
-9.3
27.4
-2.0
8.9
3.8
1
1
1
7
20
11
18
2
10
2
2
3
4
25
21
37
22
5
22
39
2​
38
9
10
Note: Returns in € obtained from Morningstar

Comparison with benchmarks