SINGAPORE (Reuters) - Oil was the world’s best-performing asset class in 2016, after being the worst in each of the two previous years.
Brent crude LCOc1 was on track for a gain of around 50 percent, following a 35 percent tumble in 2015.
Copper CMCU3 was up around 16 percent in 2016, compared with the previous year’s 26 percent plunge.
In China, an infrastructure and housing boom sparked a months’ long rally in materials prices, with iron ore futures surging 170 percent and coking coal more than doubling.
The dollar index .DXY gained about 4 percent this year, or less than half of its 9.3 percent advance in 2015.
MSCI frontier stocks were down about 2 percent, compared with a 7 percent gain for MSCI developed equities. Shanghai A shares, which rose 4.4 percent in 2015, about dropped 18 percent in 2016.
Asset performance in 2016 vs. 2015
Stocks by sector:
Emerging market currencies vs. dollar
Editing by Richard Borsuk