Top 5 global equities: Gavekal Global leads
Growing concerns and increasing recession fears set the tone for an erratic second quarter in which global equities went on sale. The S&P 500 index experienced its worst half year in 50 years, down 20 percent in US dollar terms; global inflation is at a 40-year high; and the era of monetary easing appears to be coming to an end as the Fed raised policy rates twice in the past three months, with June’s 75 basis point increase the biggest step since 1994.
Top 5: US equity funds risk-adjusted
Over the past five years, US equities have shown superior performance. Measured over the five years ending May 2022, the S&P 500 index achieved an annualised total return of 13.9% in euros, compared with 10.8% for the MSCI World index. The return of the MSCI Europe index compares favourably with 5.1%. Only in 2017 did US equities perform less well, but in the years thereafter it was America First.
Top 5: Emerging Europe Equity Funds
Emerging countries often appeal to investors’ imagination. Fast-growing economies, demographic attractiveness and a wide variety of investment opportunities make them attractive. In this week’s Top 5, we look at the best equity funds for emerging Europe.
The vibrant economies of South-East Asia are prominently on investors’ radar, partly due to China’s spectacular economic rise, which has given the entire region a major economic boost. As a result, the emerging countries that lie less far to the east, the Central and Eastern European region, have been forgotten.