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As in the first quarter, international stocks generally outperformed US equities overall.
The MSCI ACWI ex-USA Index, which measures performance of world markets outside the US, gained +5.8%. The
MSCI EAFE Index of developed markets stocks climbed +6.1%, and is now up +13.8% in 2017. Regional
performance was, on balance, positive. The Asia region was the strongest performer on a relative basis once
again, with the MSCI EM Asia Index posting a return of +8.6%. Eastern Europe and Latin America were the
poorest relative performers, posting declines of -2.6% and -1.7%, respectively. Emerging markets performance
remained strong, as the MSCI Emerging Markets Index rallied by +6.3%, and is now up +18.4% for the first half of
the year.
International Equities
See disclosure page for additional information.
2Q17
One Year
MSCI
LCL
USD
LCL
USD
All Country World Index
3.10
4.27
19.15
18.78
All Country World Index ex US
3.29
5.78
21.32
20.45
EAFE
2.71
6.12
22.10
20.27
Europe Ex UK
2.18
8.40
21.57
24.37
United Kingdom
0.81
4.72
16.65
13.35
Pacific ex Japan
1.14
1.54
17.71
19.43
Emerging Markets
6.56
6.27
21.77
23.75