Gains this quarter were led by the Turkish BIST indices, posting returns above 20%. The worst global performer was the RTS Index which tracks Russian equities, the decline of 36% over the quarter was followed by Sri Lanka equity index loss of 27.17%
The Euro Stoxx Blue Chips index lost 9.25% in Q1, the S&P 500 declined by 4.74%. It is interesting to see this developed market indices posting heavy losses while EM equity indices post 10+%, 20+% gains
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