A $100 invested in US SnP 500 Index is worth $280 after 10 years. In US$ terms Global Stock Index gets you $125 and in Emerging Market stocks has seen also no gains.
The main reasons for this are US has strong companies, has focus on innovation and SnP has some of the tech and global champions. Europe and Asia and Emerging Markets companies have not innovated as much, currencies have weakened a lot and Emerging Markets were overvalued relatively speaking and some have too much commodity concentration.
Next 10 years many people expect the story to reverse. I for one are am unsure. Currency trends may reverse but as long as interest rates are low US companies will continue to deliver relatively reasonable returns. Returns over 10 years will definitely be below par compared to last 10 years.
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