July's Top-Performing Country ETFs: This Nation Led Global Equity Rally, And It Wasn't China
July was a positive month for the U.S. stock market, but strong gains were also seen in global equity markets, with some countries posting double-digit monthly returns. Notably, the 1% decline in the dollar in July, marking its second consecutive month of losses, provided a boost to numerous emerging markets heavily reliant on the greenback’s cycle. Additionally, the diminishing fears of a global recession contributed to a favorable market sentiment, rekindling the market’s appetite for global equities.
However, some country-specific factors, such as changes in economic policies, played a crucial role in the variations of performance among country exchange traded funds (ETFs) in July.
