Two key characteristics of the top-performing overseas markets this year

Looking at the stock markets with the highest year-to-date gains, there are two main types of characteristics.

The first major type is emerging markets or developed markets with relatively reasonable valuations (here, this mainly refers to developed markets outside of the US stock market). The overall performance of non-US markets this year has benefited from lower valuations and a relatively loose liquidity environment. The leading performers among emerging markets this year are mainly South Korea, Brazil, and Greece; while among non-US developed markets, the top performers year-to-date are mainly Canada and Japan.

The second type is markets relatively rich in resources, such as countries like Canada and Brazil, which are abundant in strategic resources like minerals and crude oil.

Currently, for the above-mentioned markets, there are already dedicated domestic funds available for investment in many regions. Overseas market instruments are even more diverse, with ETFs specifically designed for country rotation, which will be further introduced later.

(Not for investment purposes)

$iShares MSCI Em(EEM.US) $Braskem SA(BAK.US) $ICBCCS Daiwa N225 ETF(QDII)(159866.SZ) $VanEck Vietnam ETF(VNM.US)