Globally, stock indices are on the up again after a slight jitter in June. We are questioning how synchronised this move is, monitoring the effects of our regional equity allocations daily. As you might recall from our article on valuations released in April long term valuation differences, the main driver behind our relative overweight of emerging markets versus US stocks, were very high at the end of March.
Early signs that neglected cheap markets are attracting investors’ attention
Today we look at our main regional split, comparing cumulative returns in USD between Global stocks as well as US, International and EM equity over the last 2 months.