New analysis from the Credit Suisse Research Institute suggests Australia’s stock market has been the top performer globally since 1900, outranking the likes of the United States and New Zealand in terms of average annual inflation-adjusted terms.
And to think some on the blog describe the local market as the regional laggard.
“Australia’s stock market has achieved an annualised real AUD return of 6.8 per cent per annum since 1900, which when converted to USD terms, makes it the world’s best performing stock market,” said Andrew McAuley, CIO for Credit Suisse Australia private banking.
“Each dollar invested in the Australian equity market at the turn of the 20th century, would, with dividends reinvested, have grown to $A2,731.2 by the end of 2019.”
In local currency terms, the performance of the local market was second only to South Africa over the same period.