Table 2

The Behavior of Emerging Market Returns


Market Weights in the IFC Indices - March 1996
IFC Global IndicesIFC Investable Indices
Market WeightMarket Weight
No. of Capitalizationin IFCNo. of Capitalizationin IFC
MarketStocks(US$ Mil)CompositeStocks(US$ Mil)Composite
Latin America
Argentina3522307.82.03122161.13.5
Brazil8693939.68.56863813.710.2
Chile4739421.33.54339019.36.2
Colombia286658.90.6155334.20.9
Mexico8165162.45.96558686.59.3
Peru367421.70.7206910.01.1
Venezuela162652.30.251930.80.3
East Asia
China17129494.82.7233005.50.5
Korea151125037.111.214517314.72.8
Philippines4639729.23.63519314.93.1
Taiwan, China83114474.510.38317504.92.8
South Asia
India13171141.36.47614792.22.4
Indonesia4554570.74.94427724.64.4
Malaysia123162134.514.6123135326.021.5
Pakistan686646.60.6254951.00.8
Sri Lanka441314.90.15456.50.1
Thailand7395035.98.57230821.14.9
EMEA
Czech Republic6912346.31.155206.70.8
Greece5311199.71.04710623.81.7
Hungary162957.40.382544.80.4
Jordan513276.30.381107.40.2
Nigeria351712.40.200.00.0
Poland233892.80.4223874.50.6
Portugal3011404.51.0269012.01.4
South Africa63105981.49.563105981.416.9
Turkey5420641.31.95420641.33.3
Zimbabwe241677.00.25370.40.1
Regions
Composite16821112232.6100.01116628429.1100.0
Latin America329237564.021.4247197855.531.5
Asia935699579.562.9631271211.443.2
EMEA394175089.115.7238159362.225.4


Last Updated: May 22, 1996

Analyst/Contact: Campbell R. Harvey

E-Mail Address: charvey@mail.duke.edu