Globetrotters, rejoice!
While the S&P 500 has performed well this year, with the index of U.S. large-cap stocks rising nearly 12 percent to hit a series of record highs, international equities have performed even better.
The popular iShares ETF tied to the MSCI EAFE index and known by its EFA ticker has surged almost 19 percent in 2017. The ETF tracks large stocks from developed markets outside the U.S. and Canada.
Its impressive performance comes after three-straight negative years. In fact, if the year closes with the EFA outpacing the S&P 500 ETF (SPY) by the current 6.8 points, the internationally focused ETF would have logged its most dramatic outperformance since 2006.
