The rebound in international markets strengthened and broadened in November, constructing on October’s rebound. Solely commodities misplaced floor final month. In any other case, all the foremost asset lessons posted positive aspects, based mostly on a set of proxy ETFs.
Shares in rising markets led November’s winners. Vanguard Rising Markets Inventory Index Fund ({VWO)) surged 14.3% final month, the ETF’s first month-to-month acquire since Could. Regardless of an unusually sturdy rally in November, VWO stays deep within the crimson for the 12 months to this point by way of a lack of 16.1%.
A number of different markets additionally posted sturdy returns final month, together with international actual property () and developed-markets shares ex-US (). Each funds loved double-digit positive aspects in November.
US shares ({VTI)) and bonds () additionally rose, though the rallies had been comparatively modest.
The one loser in November: commodities (), which eased 1.2%.
The World Market Index recovered continued to rebound, posting a second month-to-month acquire. This unmanaged benchmark (maintained by CapitalSpectator.com), which holds all the foremost asset lessons (besides money) in market-value weights, elevated by a powerful 6.8%–the benchmark’s largest month-to-month advance in two years. For the 12 months to this point, nevertheless, GMI remains to be nursing a steep lack of 14.5%.
Evaluating GMI’s efficiency to US shares (VTI) and bonds (BND) over the previous 12 months reveals that multi-asset-class portfolios proceed to rally consistent with the latest positive aspects for equities and fixed-income securities.
