Stock markets in the Middle East and Gulf are holding on to a small performance edge over the US equity market so far in 2018, based on a set of exchange-traded funds.
The neck-and-neck horse race between the two regions reflects diverging trends in recent months. The formerly high-flying performance WisdomTree Middle East Dividend (NASDAQ:GULF) has lost ground lately, taking a bite out of its year-to-date gain. Meanwhile, the steady upward climb in 2018 for US equities via SPDR S&P 500 (NYSE:SPY) has leveled the playing field and essentially left the two leaders with similar results through yesterday’s close (Sep. 26).
Read more at : https://www.investing.com/analysis/mideast-us-still-lead-regional-equity-markets-returns-this-year-200345855
