This year's rally in stocks has left no major region of the world untouched by animal spirits. But the appetite for risk is strongest in Eastern Europe/Russia, closely followed by the United States, based on year-to-date returns via a set of exchange-listed products that represent the main economic regions on the planet.
Leading the field by a wide margin: Central and Eastern Europe Fund (CEE), a closed-end fund that is currently the only US-exchange-listed portfolio targeting this area of the world. CEE surged 23.7% so far in 2019 through yesterday's close (July 23). In the