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- Emerging-market (EM) stocks outperformed their developed-market counterparts for the sixth consecutive month in June, with the MSCI EM Index returning 1.1%, compared with a 0.4% gain in the MCSI World Index.1 For the quarter as a whole, the MSCI EM Index was up 6.4%, while the MSCI World Index was up 4.2%. Key drivers of emerging-market performance included encouraging economic data in China, investor inflows and corporate earnings growth.
- Frontier markets outperformed developed markets and performed in line with their emerging-market counterparts. The MSCI Frontier Index gained 6.3% in US-dollar terms over the quarter.2 Nigeria, Sri Lanka and Kenya were among the top-performing frontier markets. An improvement in foreign-exchange liquidity coupled with undemanding valuations drove stock prices in Nigeria. However, equity prices in Bahrain and Oman declined.
Read more at Advisor Perspectives.
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