IOO
iShares Global 100 ETF
stock NYSE ETF

U.S. and ex-U.S. “world” (aka “developed” countries) used to trade leadership post WW2 recovery until the late ‘00s. “Emerging mkt” stocks became popular in the ‘00s led by China too.
Since then it was mostly US stocks until mid 2024, when non-US started to take off. In 2022 Fidelity JP Morgan etc.. released research that for several decades the optimum mix was U.S. 70%, non U.S. 30% Bogle and others said non-U.S. wasn’t really needed but if desired, they recommended 20% max. Your call, though 80/20 is the mix for the top 100 global stocks (see iShares IOO etf).
The last few months, stodgy European bank stocks beat the tech-rich S&P 500; the only excitement about European banks is when they show you the flower pot the banks founders used for a loo when Napoleon’s armies were invading outside.
Just goes to show you can’t really predict what’s “hot” next. Why the U.S.? One big reason: The U.S. leads in tech for now and that tends to give explosive earnings when tech sizzles .. though the sector has always had a warning of competition and government regulation even back in the mutual sector fund days ‘80s-‘90s (spelled out in a paper prospectus). Guess what’s happening now?
Also the U.S. tends to be more equity friendly with more of its GDP made up of stock. Still the last couple years, non-U.S. has rallied and is probably here to stay.

U.S. and ex-U.S. “world” (aka “developed” countries) used to trade leadership post WW2 recovery until the late ‘00s. “Emerging mkt” stocks became popular in the ‘00s led by China too.
Since then it was mostly US stocks until mid 2024, when non-US started to take off. In 2022 Fidelity JP Morgan etc.. released research that for several decades the optimum mix was U.S. 70%, non U.S. 30% Bogle and others said non-U.S. wasn’t really needed but if desired, they recommended 20% max. Your call, though 80/20 is the mix for the top 100 global stocks (see iShares IOO etf).
The last few months, stodgy European bank stocks beat the tech-rich S&P 500; the only excitement about European banks is when they show you the flower pot the banks founders used for a loo when Napoleon’s armies were invading outside.
Just goes to show you can’t really predict what’s “hot” next. Why the U.S.? One big reason: The U.S. leads in tech for now and that tends to give explosive earnings when tech sizzles .. though the sector has always had a warning of competition and government regulation even back in the mutual sector fund days ‘80s-‘90s (spelled out in a paper prospectus). Guess what’s happening now?
Also the U.S. tends to be more equity friendly with more of its GDP made up of stock. Still the last couple years, non-U.S. has rallied and is probably here to stay.