Investors will remember 2013 as a great year for stocks in the developed markets. Japan led the way as its Nikkei 225 equity index rose a stunning +56.7%. The S&P 500 in the U.S. posted a remarkable +29.6% price return. And Europe's Stoxx 600 index jumped an impressive +17.4%.
But 2013 was not a memorable year for the emerging markets. In China, the Shanghai Stock Exchange Composite Index slid -6.7% for the year. Brazil's Bovespa Index dropped -15.5%. And the MSCI Emerging Markets ETF (EEM) lost -3.6%.
There are several reasons for developed market outperformance in 2013. One major factor was unprecedented monetary stimulus from the central banks of Japan and the United States. And a weak commodities market hurt the economies of several resource-rich emerging markets.
But do you think the developed markets will outperform again in 2014? Or will equities in emerging markets shine brighter this year?
Chime in below.