I monitor 44 global stock markets on a daily basis at my firm Global Guru Capital; doing so allows me to shift money into the best performing markets in the world, no matter where they may be, explains Nicholas Vardy in his Alpha Investor Letter.

Although none of them are official recommendations for our model portfolio, you may want to consider investing in any of these top three best performing global stock markets so far in 2014.

Market Vectors Egypt (EGPT)

The Rothschild family famously advised: “It’s best to invest when there is blood in the streets.” By that standard, Egypt is the place to be in 2014. Although racked by political unrest, the economic prospects of the country are improving.

Egypt’s interim government just announced a $4.87 billion stimulus package financed by the United Arab Emirates. Perhaps that explains, in part, the recent chart-topping performance of the Market Vectors Egypt ETF, which has gained 25.3% year to date.

Market Vectors Vietnam (VNM)

Thanks to favorable demographics, a cheap manufacturing base, and increasing disposable income, the Vietnamese economy has massive growth potential.

Manufacturing costs are a lot lower than in China, and Vietnam’s population is much younger, the government has gotten inflation under control, and state-owned enterprises are being privatized.

Market Vectors Vietnam ETF has been one of the best-performing global ETFs this year—gaining 12.56% so far in 2014.

iShares MSCI Denmark (EDEN)

Francis Fukuyama, the author of the classic “The End of History,” once remarked, “Why can’t we all be more like Denmark?” Investors may be coming around to Fukuyama’s view, given the performance of the iShares MSCI Denmark Capped, which has soared 11.55% this year.

One reason for EDEN's impressive returns is its 41% exposure to the healthcare sector. The ETF’s largest holding, drug giant Novo Nordisk (NVO), accounts for over 24% of the fund’s weight.

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