Global Markets Update: Monday, August 13, 2012

It was a great week for International Markets last week:
  • Emerging Markets had an especially good week, up 2.8%.
  • Asia was notable, up 3.3% last week.
  • Emerging Europe, on the other hand, was down a whopping 4.5%.
  • The BRICs have staged a comeback - India is now up 9.4% this year, China and Russia are both up over 4%, and Brazil has made up huge deficits and is now only down 2.9% for the year.

The World x US is now up 4.7% for 2012, after rising 2.1% last week.  However, the US is still leading many international markets, up 11.7% for the year.  Here at home:
  • Telecom and Technology remain on top of the US sectors, each up over 17% this year.
  • On the other hand, Utilities and Energy continue to lag, each only up around 4%.
  • Large Growth continues to lead the style boxes, up 12.6% for the year, while Small Value lags, up only 8.5%.  (See graphic below).

Keith Hays & Justin Wood

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