A weaker dollar and expectations of an economic rebound in China have bolstered global stocks.
U.S. stock investors may want to look abroad for greater returns. The iShares MSCI ACWI ex-U.S. ETF , which tracks the All Country World Index but excludes the U.S., is up 6.7% year to date. That's better than the S & P 500's 5.4% advance. Europe's key benchmark, the Stoxx 600, is also outperforming with a 9.3% gain. In Asia, Japan's Nikkei 225 and the Shanghai Composite are both up at least 7%. Much of that outperformance comes from a lower dollar.
8% year to date and has fallen more than 14% over the past year. Still, Morgan Stanley said Credicorp "remains a top-class banking franchise that could navigate the current challenging based on management's execution capabilities ." Futu Holdings , a Chinese company that in the digitized brokerage and wealth management space, also made the cut. Nearly 70% of analysts covering the stock rate it a buy, with the average price target implying upside of roughly 20%.
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