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And the MSCI All Country World Index rose 18 percent.
Morgan Stanley Capital International's world index advanced 0.1percentt.
The MSCI world index is around 32% below its peak.
The MSCI world index fell below its end-1996 level.In this section Reprints.
When Beta equals one, a country's market moves exactly in parallel with the world index.
It's easy to see why the MSCI World Index has surged 71 percent in that period.
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Morgan Stanley Capital International's world index advanced 0.6percentto to 910.28, in London.
The MSCI world index of stocks in 23 developed countries rose 0.5percentt.
Only 34, or just 3.1percentt, underperformed the all-world index.
The developed-world index was down by 5.4% over the same period.Globalisation is partly to blame.
The rally propelled the main world stocks index, the MSCI's 47-country 'All-World' index, to a record high.
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