Credit crisis – What credit crisis? Stock market investors in certain overseas markets could have made as much as 34 per cent over two years to August 31, once currency changes are factored in.

According to a currency-adjusted analysis of returns from eight key stock market indices by RBC Wealth Management, part of the Canadian bank of the same name, Britons who invested in Brazil’s Bovespa index over the two years from summer 2007 might have made gains of 34 per cent in pounds sterling. Investors with Russian roubles would be up 29 per cent on the same index, while those with Indian rupees could have enjoyed a 21 per cent gain.