Global equities have outperformed U.S. stocks in returns this year, according to Bloomberg.

The outperformance has been driven by stronger gains in emerging markets and select international developed markets, supported by more attractive valuations, currency effects, and sector diversification. As a result, investors have increasingly looked beyond the U.S. for broader exposure and improved risk-adjusted returns, especially amid shifting monetary policy expectations and slowing growth in parts of the American market.

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