Emerging Markets Continue To Outperform Developed Markets in 2014

Utilities led in the first week of September in the Developed Markets. Utilities were 0.8% higher while the Energy sector was down the most at 2%. Overall, half of the sectors were higher and half were lower leading to basically an unchanged week in the index from an equal-weighted perspective. Year-to-date, the counter-cyclical sectors are leading the way. Health Care is up 13.5% and Utilities is up 10.79%. Consumer Discretionary stocks have been the worst performing sector, however, they are still positive for the year.

Developed Markets


Developed Markets


Transitioning to the Emerging Markets, Health Care led the way last week rising by 2.8%. Only two sectors in the Emerging Markets were lower last week, Consumer Discretionary and Information Technology. Year-to-date, Emerging Markets have outperformed Developed Markets by nearly 3x. Once again, however, it is counter-cyclical sectors that are leading the way higher. This time it is the Telecom (31.25%) and Health Care sectors (25.06%) that top the leaderboard. Interestingly, Energy and Material sectors are by far the worse performers in the Emerging Markets year-to-date.

Emerging Markets


Emerging Markets