The CAC 40 index has had a spectacular year in 2021. It has rallied by more than 30% year-to-date, meaning that it has outperformed its European peers like the German DAX and UK FTSE 100. It has also outperformed the S&P 500 index. Most importantly, only 6 companies in the index have been in the red this year.
France best and worst performers
The CAC 40 index has done relatively well this year. This performance has happened as more companies in the index have done well.
The best performer in the index is Hermes, the giant luxury goods maker. The Hermes stock price has jumped by more than 75% as demand for its goods in China soar. Indeed, other luxury goods makers have done well.
For example, the LVMH stock price has risen by more than 42%. This growth has pushed Bernand Arnaut to become the third richest man in the world. EssilorLuxottica, Pernod Rickard, and L’Oreal have also done well.
