Foreign stocks led markets higher in July. Equities in developed markets ex-US (MSCI EAFE) topped the performance list with a 5.1% total return last month, edging out emerging-market stocks (MSCI Emerging Markets), which tacked on 5.0%. July’s third-strongest gain among the major assets classes was also outside the US: foreign property shares (S&P Global ex-US Property), which also popped 5.0% (effectively tied with emerging-market shares).
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