World's Top-Performing Stocks Show Emerging-Market Bets Pay Off
(Bloomberg) -- Stock pickers brave enough to look past the turmoil sweeping across emerging markets reaped some of the world’s best returns this year.
Seven of the 10 best-performing stocks in the first half of 2018 as of June 26 were in developing markets, according to data compiled by Bloomberg. Yageo Corp., a Taiwanese maker of components used in smartphone circuit boards, topped the list as its total return almost tripled in value in dollar terms, followed by Brazilian pulp and paper producer Suzano Papel e Celulose SA
The only stocks in developed markets that joined their ranks were Silicon Valley darlings Netflix Inc., Twitter Inc. and Square Inc. That’s even as the broader emerging-market stock index lagged the developed-world gauge by roughly 9 percent.
©2018 Bloomberg L.P.