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In end-March 2020, I had assigned a bullish rating to the Vanguard FTSE All-World ex-US ETF. The recommendation paid off handsomely, with the price of the ETF gaining 57% since.
Between 2010 and 2019, during times of normalcy, the fund delivered rather tepid returns.
I believe that after the ETF’s gains following the COVID-19 melt-up, its upside potential is limited, given the disruptions global markets are facing.