June 28, 2019—If you’ve been invested in international developed country stocks over the last ten years, you would have done much better investing in the international consumer staples, health care, and information technology sectors, rather than in financials or energy (see Figure 1). Why has this been the case?Figure : International developed stocks (MSCI EAFE) by sector10-year annualized returns Data as of May 31, 2019The MSCI EAFE Index returned 6.
May 29, 2019—On May 24, Theresa May announced that she would resign as Conservative Party Leader and Prime Minister (PM), effective June 7. She said that she would stay on as caretaker until a new leader is elected, which is expected by the end of July.
May 21, 2019 – On May 23-26, elections will be held across the 28-nation European Union (EU) for the 751-seat European Parliament (EP). Campaigning has been vigorous in recent weeks, particularly by right-wing Eurosceptic nationalist candidates. Nevertheless, we expect pro-EU centrist candidates to prevail and that the outcome will be favorable for Europe’s long-term investment climate.