Among the more notable twists of this year’s raucous third quarter was the upending of the long-running underperformance of the US Growth indexes versus their Value counterparts.
Following a decade of turbocharged outperformance in the early 2000s, emerging-market stocks have been mired in a protracted losing streak versus their developed-market peers.
Energy market has certainly had a very positive year so far. FTSE All World Oil, Gas & Coal is up 20% YTD (to end August), 39% ahead of broader FTSE All World Equity Index.