Once again this week, the US struggled to keep up with The World x US. However, the US is up 18.7% for the year, while The World x US is up only 4.4%.
Latin America (-13.7%), Emerging Europe (-9.1%) and Asia (4.8%) have really struggled this year. On the other hand, Developed Europe (10%), Middle East (15%) and Africa (20.4%) have done relatively well.
Here in the US, Small Cap Growth is over 7% better than Large Cap Growth this year and currently leads the style boxes, up 24.6%. You can see this in the graphic below.
Keith Hays & Justin Wood
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