Developed world equity markets shine in 2004: S&P

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GLOBAL - International small-cap companies were the driving force behind strong gains for developed world equity markets in 2004, says ratings agency Standard & Poor's (S&P).

According to the agency, the S&P/Citigroup BMI Developed World Index rose 16.9% in US dollar terms in 2004, helped in part by a 3.93% return for the index in December. Commenting on the results,...

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