
Global equities are crushing Wall Street in 2025, posting their strongest outperformance since the Great Recession, as trade deals, a sliding dollar and looser monetary policy overseas help fuel a historic reversal.
Through Aug. 13, the iShares MSCI All Country World Index Ex U.S. ETF (NYSE:ACWX) has surged 20.5% year-to-date, outperforming the SPDR S&P 500 ETF Trust (NYSE:SPY) by nearly 10 percentage points.