Throughout November, financial markets experienced a significant upswing, with both stocks and bonds on the rise.
This surge was primarily driven by investors increasing their bets on potential Federal Reserve rate cuts in the upcoming year. Inflation continues to cool and Fed policymakers lean toward more dovish remarks.
This optimism was reflected across various segments of the market. Let’s break down the top-performing exchange-traded funds (ETFs) across various asset classes, including country equities, U.S. equity sectors, thematic equities, bonds, and commodities.
Best Country ETFs In November
Global X MSCI Argentina ETF (NYSE:ARGT) up 31.5%: Topping the list, the ARGT ETF experienced a remarkable surge, buoyed by the electoral victory of ultra-liberalist Andrei Milei in Argentina. This political shift sparked a wave of bullish sentiment in Argentine stocks.
iShares MSCI Israel ETF (NYSE:EIS) up 16.6%: Israeli equities also witnessed substantial growth. This rise was supported by a stabilization in the shekel, thanks to the intervention by the Bank of Israel following the start of conflict with Hamas.
iShares South Korea ETF (NYSE:EWY) up 14.5%: South Korean stocks rallied following the ...Full story available on Benzinga.com
Benzinga