In a previous study, I examined the results of investing in equity markets when they experienced negative years X years ago. The chart below re-summarizes those findings:
Were there any global equity markets that were down in 2004 or 2005? I track roughly 50 countries, and the results are below:
Peru (2004, just barely)
Thailand (2004, and 2006)
The only country, to my knowledge, with an easily investable product is Thailand (TF, TTF).
I will report back at the end of 2007 with the results of these countries equity index performance.