Best Returns Since 1900 Came From These Markets: Chart

(Bloomberg) -- Between 1900 and 2016, the world economy moved from telegraphy to smartphones, horse-drawn carriages to supercars and from letter press to Internet. But throughout this period, a few countries produced the highest average returns for investors in stocks and bonds. According to a study by Credit Suisse Group AG and the London Business School, the best equity markets over the past 117 years were commodity-rich nations such as South Africa, Australia, the U.S. and Canada, while Denmark and Sweden yielded the highest bond returns.

To contact the reporter on this story: Selcuk Gokoluk in London at sgokoluk@bloomberg.net.

To contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, Srinivasan Sivabalan, Sheldon Reback