World Markets Review for May 2017 | Capital Group

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Market Commentary

June 2017

World Markets Review for May 2017

Global stocks rose amid signs of improving economic growth and healthy corporate earnings. Several key indexes hit record highs as pro-European Union candidate Emmanuel Macron won the French presidential election. However, persistent questions about political stability in the U.S., Europe and elsewhere tempered those gains.

Information technology stocks led markets higher, supported by surging share prices for U.S. tech giants Apple and Google parent, Alphabet. The utilities sector rallied amid rising demand for dividend-paying stocks. Emerging markets stocks also advanced, despite a brewing political scandal that sent Brazilian markets tumbling. 

Equity Index Returns (%)

May 2017

YTD 2017

U.S. Dollar %

Local %

U.S. Dollar %

Local %

S&P 500

1.4

1.4

8.7

8.7

MSCI ACWI

2.2

1.6

11.0

8.7

MSCI ACWI ex USA

3.2

1.9

13.7

8.9

MSCI World

2.1

1.5

10.2

8.2

MSCI Emerging Markets IMI

2.7

2.2

17.0

12.6

MSCI EAFE

3.7

2.1

14.0

8.4

MSCI Europe

4.8

2.6

16.6

10.4

MSCI Pacific

1.6

1.1

9.6

5.1

Source: RIMES


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Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses or the funds’ characteristics statement, which can be obtained from a financial professional or your relationship manager, and should be read carefully before investing. 

Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and not to be comprehensive or to provide advice. 

Terms and Definitions
A market capitalization-weighted index based on the results of 500 widely held common stocks.
MSCI All Country World ex USA Index is a free float-adjusted market-capitalization-weighted index that is designed to measure equity market results in the global developed and emerging markets, excluding the United States.
MSCI All Country World Index is a free float-adjusted market-capitalization-weighted index that is designed to measure results of more than 40 developed and emerging equity markets.
MSCI EAFE (Europe, Australasia, Far East) Index is a free float-adjusted market-capitalization-weighted index that is designed to measure developed market equity results, excluding the United States and Canada.
MSCI Emerging Markets Investable Markets Index measures large, mid and small-cap segments, covering approximately 99% of the free float-adjusted market capitalization of more than 20 emerging equity markets.
MSCI Europe Index is a free float-adjusted market capitalization-weighted index that is designed to measure results of more than 10 developed equity markets in Europe.
MSCI Pacific Index is a free float-adjusted market capitalization- weighted index that is designed to measure the equity market results across 5 Developed Markets countries in the Pacific region.
MSCI World Index is a free float-adjusted market-capitalization-weighted index that is designed to measure results of more than 20 developed equity markets.