Article
Mind the Gap–Diversifying Across Countries
In the first half of 2025, developed markets outside the US returned 19.0%, outperforming the US and emerging markets.1 But that outcome masks the wide range of returns across individual countries, from Spain’s 43.0% to Denmark at -5.5%. This kind of dispersion isn’t unusual—it’s a defining characteristic of global investing. On average, the difference in ... Read More

