NEW YORK (
TheStreet) -- Global markets have clocked substantial gains during the past one month with India's Nifty being an outperformer. The index gained 8.1%, while Brazil's Bovespa was up 0.6%. This compares to the 5% increase of the
S&P 500 and 3.9% rise of the
Dow Jones. On the contrary, the Shanghai Composite registered a decline of 2%.
The rally in Indian markets has been attributed to a lot of liquidity and Foreign Institutional Investor investment. Positive economic data from China and the U.S. and the recent announcement made with regards to Basel III norms have also fueled the rally.
As a result, some emerging market ADRs have generated handsome returns for investors during the past month. We present 10 such stocks from several countries that have gained anywhere between 10%-30% during this period.
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