coming to an end the crisis and controversial in 2009, and it"s time to sum up. Despite the fact that in the beginning of the year, few could have imagined that the rally spread over such a long time, the profitability of individual instruments in 100% and above to become reality, and many investors in international markets without much effort, and even with the most passive strategy succeeded double its capital. And although the overall growth of world markets was not justified from a fundamental point of view, the rally in selected developing markets was well within their capabilities andthe dynamics of the macroeconomic situation.

World stock benchmark MSCI World in 2009 showed an increase of 28% and for the year reached a maximum level for 15 months. Thus the dynamics of the index over the past 10 months, it seems, is the steepest part of the growth in the history of the index.

Source - Reuters

in 2009, our rating of the most liquid index funds, traded in the U.S., took the following form:

 

Source - Reuters

leader in profitability, as expected, was the index fund linked to Russia"s market, which for several months in a row, took the lead in our ranking. I think that comment is superfluous here - the majority of investors in our country is well aware of the fundamental qualities was that growth.

On the second line of our rating entrenched Brazilian market, and there was no surprise, since the prospects for Brazil and the nature of its monetary policy at the beginning of the year determining the success of the market. Accordingly, in the first six of our rating 4 funds are geographically tied to Latin America, in particular for Brazil, Chile moved up a promising market. Fourth ranked the Turkish index fund. Although Turkey, unlike in Brazil, is not perceived as a potential growth poles of the world economy, quite a successful anti-crisis policy of the government and favorable attitudes among consumers and investors have done their job, and the Turkish market has almost doubled in a year.

In our rating can be seen with the naked eye, emerging markets in 2009 looked much nicer developed. Latin America plus the Asian core growth, China-South Korea-Taiwan to provide even the most passive investors with big winnings. In the wake of natural ranking ETF assets were traditionally perceived as protective alternatives - bonds, municipal sector. Of the foreign-exchange reserves showed the greatest growth tool linked to the Australian dollar - the annual growth of 25% for foreign currency assets very, very bad.
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As for precious metals, gold has brought the yield to investors at the market - about 24%. This silver on the index fund grew by 50%. Such a significant gap in yield between gold and silver is linked largely to the fact that the relationship with the dynamics of silver currency market is much more implicit and less stable than that of gold. Also here the role played by the fact that gold in 2009 reached new historical highs and broke the psychological mark of $ 1000 per troy ounce, that inspired some investors fears. At the same time, silver is still quite far from historic highs, leaving behind him some potential.

Before the advent in 2010 can only congratulate the investors in international markets that have managed to significantly build its capital by up to 2009, and recalled that in the coming year, betting on emerging markets, do not forget about the geographical and sectoral diversification, which is the key to success for medium-and long-term investment.

 

USA: the market finished the week by a wave of euphoria
World stock markets: News from China was the main reason for the reduction indices
World stock markets: the bulls have tempered his enthusiasm, but maintain a presence
World stock markets: "bulls" so far managed to keep the position
World stock markets: in 2010 started with a bullish note
USA /Europe /Latin America /Asia: encouraging annual results helped to start the new year with optimism
Asia: finishing segment performed
Latin America: the Chilean market does not become a leader for the year
United States: a slight increase before the last in this year"s trading session