Equities in developed markets ex-US topped returns for the major asset classes during the trading week through Aug. 14, based on a set of exchange-traded funds. In second place: real estate shares listed outside the US.
The Vanguard FTSE Developed Markets ETF (VEA) led the winners last week with a 1.7% gain. The rally marks the fund's second straight weekly increase and lifted the ETF to its highest close since February. Although VEA remains below its pre-coronavirus peak, the gap is modest after the latest rise.
The Vanguard Global ex-U.S. Real Estate ETF (VNQI), the