A Rewarding Year for International-Stock Funds
Rising stock prices and strong currencies fuel major gains in 2017.
By and large, 2017 was highly rewarding for shareholders of international-stock funds. Stock markets around the world enjoyed gains almost across the board.
Expectations of stronger growth in the United States fueled part of that surge; and in most of Europe, cautious optimism and modest but encouraging rates of growth replaced years of concern about weak economies, heavy debt burdens, and political turmoil. (An exception was the United Kingdom, where the ongoing negotiations over the country's prospective exit from the European Union brought uncertainty and concern.) Japan's economy also perked up.
Gregg Wolper has a position in the following securities mentioned above: SGOVX. Find out about Morningstar’s editorial policies.