World Markets Review for October 2017 | Capital Group

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Market Commentary

November 2017

World Markets Review for October 2017

Global stocks advanced amid signs of an improving world economy, strong corporate earnings growth and central bank stimulus measures. Repeating a common theme, several key market indexes reached historic highs. Japanese stocks led developed markets higher as investors welcomed the snap election victory orchestrated by Prime Minister Shinzō Abe.

Information technology stocks rallied, supported by better-than-expected corporate earnings in the sector. Basic materials stocks also enjoyed significant gains amid accelerating activity in the manufacturing sector and higher demand from China. Telecommunications stocks fell on concerns about declining cable TV subscriptions and waning demand for mobile phone upgrades.

Equity Index Returns (%)

October 2017

YTD 2017

U.S. Dollar %

Local %

U.S. Dollar %

Local %

S&P 500

2.3

2.3

16.9

16.9

MSCI ACWI

2.1

2.7

19.7

16.8

MSCI ACWI ex USA

1.9

3.2

23.4

17.1

MSCI World

1.9

2.5

18.2

15.4

MSCI Emerging Markets IMI

3.5

3.9

31.5

27.5

MSCI EAFE

1.5

3.0

21.8

14.5

MSCI Europe

0.5

2.1

23.4

14.0

MSCI Pacific

3.5

4.7

19.5

15.9

Source: RIMES


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Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses or the collective investment trust's Characteristics statement, which can be obtained from a financial professional, Capital or your relationship manager, and should be read carefully before investing. 

Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and not to be comprehensive or to provide advice. 

Terms and Definitions
A market capitalization-weighted index based on the results of approximately 500 widely held common stocks.
MSCI All Country World ex USA Index is a free float-adjusted market-capitalization-weighted index that is designed to measure equity market results in the global developed and emerging markets, excluding the United States.
MSCI All Country World Index is a free float-adjusted market-capitalization-weighted index that is designed to measure results of more than 40 developed and emerging equity markets.
MSCI EAFE (Europe, Australasia, Far East) Index is a free float-adjusted market-capitalization-weighted index that is designed to measure developed market equity results, excluding the United States and Canada.
MSCI Emerging Markets Investable Markets Index measures large, mid and small-cap segments, covering approximately 99% of the free float-adjusted market capitalization of more than 20 emerging equity markets.
MSCI Europe Index is a free float-adjusted market capitalization-weighted index that is designed to measure results of more than 10 developed equity markets in Europe.
MSCI Pacific Index is a free float-adjusted market capitalization- weighted index that is designed to measure the equity market results across 5 Developed Markets countries in the Pacific region.
MSCI World Index is a free float-adjusted market-capitalization-weighted index that is designed to measure results of more than 20 developed equity markets.