Africa Stocks Overtake US Shares as Top Performer in 2024

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 22 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

S&P 500 News

SPDR® S&P 500,US Dollar Index Futures,Vaneck Africa Index ETF

Stocks Analysis by James Picerno covering: S&P 500, SPDR® S&P 500, US Dollar Index Futures, VanEck Africa Index ETF. Read James Picerno's latest article on Investing.com

the possibility that the US stock market’s year-to-date performance would slip to second place as Africa shares rallied. Nearly two weeks later, the switch is complete, based on a set of proxy ETFs.

On a more fundamental level, the leadership change this year in favor of AFK may reanimate the topic of international diversification. From a US-investor perspective, owning foreign shares in recent years has incurred a non-trivial opportunity cost. But the core argument for going global has suffered in recent years as foreign returns overall have lagged and the correlation between US shares and offshore stocks has increased.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

African Stocks May Be Poised to Overtake US Equities in 2024Stocks Analysis by James Picerno covering: S&P 500, SPDR® S&P 500, VanEck Africa Index ETF. Read James Picerno's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Is the Housing Market Poised for a Rebound?Stocks Analysis by James Picerno covering: SPDR® S&P 500, SPDR® S&P Homebuilders ETF. Read James Picerno's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Time to Rebalance? Global Markets Offer Better Prospects Over US StocksStocks Analysis by James Picerno covering: . Read James Picerno's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »