STREET DOGS:
Some of the best and worst performers in 2016
Britain’s pound took a pounding, while Brazil’s Ibovespa stock index ruled in 2016, writes Michel Pireu
Some of the best-and worst-performers in 2016: Currencies — It was a particularly bad year for any currency called the "pound". Britain’s pound tumbled after Brexit and never recovered, but the Egyptian version was the worst performer in 2016. On the other side of the spectrum, digital currency bitcoin was the best performer, rising more than 100% as capital controls in places like China and isolationist rumblings in the UK and US fuelled interest in alternate currencies. Otherwise the Russian rouble and Brazilian real were the best performers. Equities — Brazil’s Ibovespa stock index was the best performer in 2016. Largely due to hopes that President Michel Temer will bring about political stability. Nigeria’s equity market fared worst in the year as capital controls deterred foreigners from investing and militants continued blowing up pipelines. Investors lost patience with hedge funds in 2016, pulling billions of dollars from costly money managers. Commodities — Natural gas was a...
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