Tuesday, June 21, 2016

European Shares Underperform

It hasn't been a secret how poor some European markets have been doing in relationship to their US counterparts lately. Here we have the IShares Europe ETF compared to the S&P 500 YTD.  So far the US index is up 4% compared to investors who have been long Europe's biggest corporations.

The performance gap during the last two years is even more impressive. Even though the S&P has experienced two pullbacks last year it is still beating their European counterparts by a wide margin.  

Interestingly our British counterparts are performing better overall YTD and the last two years. Time will tell how what kind of performance we will see after the vote Thursday. 

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