By Kara Marciscano, CFA, Research Analyst
This was expected to be the year of the global economic slowdown. But the year-to-date synchronized rally in global equities has stolen the spotlight.
Chinese equities have been the star performer so far. The MSCI China Index ((MXCN)) returned 17.69% in the first quarter of 2019, marking the strongest quarter of performance in almost 10 years.1
The year-to-date performance of the WisdomTree China ex-State-Owned Enterprises Index (CHXSOE) has been even stronger than MXCN's. CHXSOE returned 26.60% in the first quarter of 2019, delivering 891 basis points (bps) of