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
​Indonesia
Brazil
Brazil
Brazil
Portugal
Italy
China
Russia
China
Brazil
Norway
Norway
Turkey
Thailand
Turkey
South Korea
Switz. S&M Cap
Denmark
Eurozone L Cap
Indonesia
Indonesia
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
-3.5
6.9
-16.8
15.9
-9.3
27.4
1
1
1
7
20
11
18
2
10
2
2
3
4
25
21
40
18
5
22
39
2​
Note: Returns obtained from Morningstar