U.S. Stock ETFs Are Strong, But Continue to Diversify
Gary Gordon submits:
Americans are feeling pretty good about themselves at the moment. The U.S. hockey team upset the Canadian puck-handlers in Vancouver. That wasn’t supposed to happen. And an out-of-shape Bode Miller won a gold medal in the “super-combined” men’s downhill. That wasn’t supposed to happen either.
Of course, lots of things weren’t supposed to happen for the U.S. in 2010. Consider U.S. stock markets, where investor dollars have been leaving for the sunnier shores of emerging market equities. Instead of U.S. stocks being the dogs of the stock world, however, the Dow Jones Diamond Trust (DIA) has been stronger (+0.03%) than the competition. Notably, Vanguard All World ex- U.S. (VEU) is down -4.0%, while Vanguard Emerging Markets (VWO) is off -4.1% year-to-date.
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