FYI: While U.S. equity funds, particularly growth-oriented and small-cap strategies, fared well in 2018’s second quarter, conditions weren’t as favorable for international-stock funds. Concerns about a trade war with China and the impact of tariffs loomed large for global companies, with many funds building on first-quarter losses to stay in the red in 2018’s first half. A strong U.S. dollar and rising interest rates hurt many developing markets as investors shed riskier assets. Meanwhile, compared with a sanguine outlook in the United States, projections for growth slowed abroad, setting up a quarter in which the MSCI ACWI ex USA Index lost 2.6% in U.S. dollar terms even as the S&P 500 gained 3.4%.
Regards,
Ted
https://www.morningstar.com/articles/872036/a-challenging-second-quarter-for-internationalstoc.html
