Latin America lead 2025 equity gains while India maintains top 10-year performance

Welcome to TrendMap, your quick guide to investment performance. This edition tracks 10 years of global equity returns. Currency fluctuations impact the returns on foreign investments. To capture the real value from an Indian investor’s standpoint, these returns are adjusted to reflect their equivalent in Indian rupees. The takeaway: markets rotate, diversification endures.

Snapshot of 10- year investment performance of global equities

Source: Reuters-Refinitiv. *2025 returns are YTD based on 20 October 2025 closing values. Other years' returns are calculated between the first and the last trading day closing values. Returns are normalised to Indian rupee. 10-year return is compounded average return, calculated between 20 October 2015 and 20 October 2025.


In 2025, Mexico and Brazil outperformed global equity markets, drawing the interest of foreign investors to diversify beyond traditional geographies. Mexico’s surge was driven by robust corporate earnings and macroeconomic stability, while Brazil’s Bovespa index gained pace due to selective sector strength, particularly in utilities and commodities.

Although India’s equity benchmark underperformed in 2025, it remains the second-best performing index over the past decade, highlighting its long-term resilience and enduring investor appeal. Meanwhile, Germany’s engineering prowess and solid economic fundamentals have strongly supported the long-term performance of the DAX index.