2011 was not an easy year to stomach for global investors. Over 80% of markets remain in negative territory year-to-date, and some have ratcheted up declines of 40% or greater.
We calculated returns of 100 indices and culled the ones that lost 25% or more in value over the year.
In total, there were 16 exchanges that made the list, compared to just four that posted gains of 25% or greater.
Italy FTSE MIB, Down 26.5%

Source: Bloomberg
Lithuania OMX Vilnius Index, Down 27.6%

Source: Bloomberg
Prague Stock Exchange Index, Down 28.1%

Source: Bloomberg
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