Classic and Current Rationale Spell Investment Opportunities Overseas
Sources: FactSet, MSCI.com, and Standard & Poor’s. U.S. is the S&P 500 Index, other regions are MSCI indices. All MSCI indices are net USD returns. Past performance does not guarantee future results.
Source: Morgan Stanley, Bloomberg. Past performance does not guarantee future results.
Source: MSCI AC World Index as of December 2016. Non-U.S. percentage excludes the United States.
Since 1970, the U.S. share of global stock market capitalization fell from a towering 66% to 54%, as the rest of the
world created new and exciting public companies to invest in.
Source: International Monetary Fund, World Economic Outlook Database, October 2016.
The U.S.’s share of the world’s economic output stood at 26% in 1980, and has shrunk to 22%, as emerging markets,
especially China, continue to represent more of the global pie.
The Purchasing Managers’ Indices (PMI), a survey indicator of economic health, all reached the highest level in three
years with strength in both manufacturing PMI and services PMI.
The Citi Economic Surprise Index for Europe shows great promise. Anything above zero means final key market data
are above expectations, which has been occurring in Europe since around October of 2016.
International Investing: Get Ahead of the Curve
The current and classic rationale for overseas investing are compelling, especially right now!