August 2016 – ADIFO Global Market Review

by Kevin Burrows

The S&P 500 was basically flat in a quiet end to the summer while the rally continued in the DAX, NIKKEI and Emerging Markets, particularly China. The MSCI China index gained 7.3% for the month bringing its 2016 return back in positive territory at 3.4%. Emerging Markets continue to lead all other bourses for the year with a 2.3% return in August and are up 12.5% YTD.