For the latest ETF industry news, please refer to our “Asia ETF Roundup (Industry) – December 2020 and January 2021”.
Major Markets Performance
Global equity markets made a strong start to the New Year, but slipped towards month end. The S&P 500 Index, Dow Jones Industrial Average, and the Nasdaq notched new all-time highs during the month before turning south. The Morningstar US Market Index ended January 0.6% lower. Despite all the twists and turns regarding the November U.S. Executive Order on Communist Chinese military companies, Chinese stocks had a strong month. The Morningstar China Index rallied 7% in January. Emerging markets’ performance was mixed. Monthly returns among developing stock markets ranged from -8% to 5% (proxied by their respective Morningstar indexes in US-dollar terms).
