If you combine globally rising energy/commodity prices with a generally well performing equity market in Brazil, you get the best performing equity index for the month of December. The 'Brazil Electric.Energy IX Index' rose 9.5% this month to lead all of the equity indexes that we track.
Another interesting aspect to this particular equity index is that it tracks Brazilian GDP growth quite closely. Here's a chart of % growth of 5 Brazilian equity indexes and gdp (actual and estimated).
The Brazil Electric.Energy IX Index is also performing very well for all of 2011 where it is up 27% and sitting right at the highs:
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