Australian Stocks Act More Like Emerging Than Developed: Chart

Passersby are reflected in the window of the Sydney Stock Exchange showing the benchmark S&P/ASX200 index in Sydney on September 18, 2015. Australian stocks slipped 0.28 percent at the open after the US Federal Reserve left interest rates near zero overnight. AFP PHOTO / Peter PARKS (Photo credit should read PETER PARKS/AFP/Getty Images)

Photographer: PETER PARKS/AFP/Getty Images

While MSCI Inc. lumps Australia’s stocks together with other developed markets, the country’s benchmark index offer returns more like those of an emerging nation. Since the peak in commodity prices in April 2011, Australia’s S&P/ASX 200 gauge has lost more than 20 percent in U.S. dollar terms, tracking a similar selloff in the MSCI Emerging Markets Index. The developed market gauge rallied 23 percent during the period.

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