Ex-U.S. indexes outpace the U.S.
Ex-U.S. indexes outpace the U.S.
Chart • July 30, 2025
In this chart
Global stocks are gaining ground. After years of U.S.-centric investing, international equities are showing renewed strength — and investors are taking notice. YTD returns for indexes like MSCI Europe IMI and MSCI EAFE IMI are outpacing the MSCI USA IMI, signaling a meaningful shift in global equity dynamics. For advisers, this performance presents an opportunity to revisit the diversification story and investment rationale for ex-U.S. markets.
Momentum builds beyond the U.S.
Lower P/E and higher yields abroad underscore the US valuation gap
Lower P/E and higher yields abroad underscore the US valuation gap
Source: MSCI. Data as of June 30, 2025, USD gross returns. Past performance is no indication or guarantee of future performance.