Ferrari

The top performing G7 stock market so far this year is … Italy. The FTSE Milano Italia Borsa index is up 19.5% year- to-date, beating the French CAC 40’s 13.2% and the German DAX’s 12.9% in euro terms. The eurozone currency has been relatively strong, so Italian returns are even higher in sterling terms: increasing by 25.3%. Part of the reason is a bounce-back after Italian shares fell sharply in early 2016. But the country bristles with strong brands: global marques such as Ferrari, whose shares have raced ahead 80%, and smaller ones such as luxury ski jacket outfitters, Moncler, whose shares have climbed 49% year-to-date.