When stock investors chase after winners, it is striking how often they end up in the US.
All of the top five stocks in the FTSE All World index by market weight are US tech giants, so it is no surprise that over the past decade, Wall Street has eclipsed rivals, driven by big tech and other leading multinationals.
That remains the story for 2019. So far this year, the All World index excluding the US has risen around 9 per cent. Throw in the S&P 500, and the gain moves towards 15 per cent.
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