When we look outside the US, even the riskiest stocks in the world are in rally mode.
It’s not just developed markets showing strength—emerging markets are also breaking out.
Below, we have the Freedom 100 Emerging Markets ETF $FRDM breaking out of a multi-year base to new all-time highs.
This ETF is built differently from other EM funds. It ranks personal and economic freedom in countries around the world—and weights the index accordingly.
I like it for that reason. But I like it even more because it has consistently outperformed its EM peers since its launch.
Among its major country exposures are Chile, Taiwan, South Korea, and Poland— these countries make up almost 70% of the fund.
These new highs speak to the broadening participation we’re seeing overseas, and are supportive of a strong second half of the year for global equities.
Alfonso
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