PRESS ROOM
US equities extend their lead over emerging markets
Friday 23rd July '21
The year started with value stocks delivering strong gains before growth stocks started to catch-up in the second quarter of the year. The recovery in growth has yet to help lift emerging markets which continue to reel from Delta variant concerns and broadly flat performance in Chinese stocks in recent weeks. US equities, in the meanwhile, have extended their lead over emerging markets (and most other developed markets too) with information technology and consumer discretionary sectors leading within the S&P 500 Index over the last month.