4 International ETFs Worth Buying At New Highs
Zacks Investment Research | Nov 23, 2017 11:05PM ET
This is turning out as a banner year for stocks across the globe. This is especially true, as the global stock market has climbed every single month this year, for the first time in the 30-year history of the MSCI AC World Index, according to Charles Schwab (NYSE:SCHW).
The rally was mainly driven by strengthening economic fundamentals, booming trade, strong corporate earnings and a rise in commodity prices. Additionally, investors' unstoppable enthusiasm for technology stocks as well as improving economic growth in emerging markets added to the strength.
According to the Organization for Economic Cooperation and Development, all 45 countries are on track to grow this year and expected to continue the momentum in 2018. Per the International Monetary Fund (IMF), global growth is expected to be 3.6% this year and 3.7% in the next versus 3.2% last year. This would mark the fastest growth since 2010.
While the U.S. stock market is in the midst of its second-longest bull run in history, the real encouragement came from the international stock market. This is especially true as Vanguard FTSE All-World ex-US ETF Zacks Investment Research
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