International stocks and their corresponding ETFs in both developed and emerging markets are crushing their U.S. counterparts this year.
Year-to-date, the widely followed MSCI EAFE Index and the MSCI Emerging Markets Index are up 19.1% and 15.8%, respectively. The S&P 500 is higher by “just” 9.6%. Predictably, this is prompting investors to pour billions of dollars of capital into international ETFs.
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