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Stocks in emerging markets extended their rally in June, posting the strongest gain for the major asset classes last month, based on a set of ETFs. A broad measure of US equities delivered a robust second-place performance amid rallies for all the main categories of global markets for the month.
The Vanguard Emerging Markets Stock Index ETF (NYSE:VWO) rose 5.5%, June’s leader. The fund has posted a gain in every month so far this year except for a slight loss in April. For 2025 so far, VWO is up 12.7%.
US stocks (VTI) also rallied last month, rising 5.2%. The increase marks a second straight monthly advance following a three-month run of declines for American shares.
Year to date, foreign stocks in developed markets continue to enjoy a commanding lead for the major asset classes.
Vanguard FTSE Developed Markets ETF (NYSE:VEA) is up 20.7% year to date, well ahead of the second-best performer in 2025: foreign real estate shares (VNQI) with a 16.7% increase in 2025 through June 30.
The Global Market Index (GMI) also posted a solid gain in June via a 4.2% rise. Year to date GMI is up 8.6%, reflecting a strong rally for this multi-asset-class benchmark.
GMI is an unmanaged benchmark (maintained by Capital Spectator) that holds all the major asset classes (except cash) in market-value weights via ETFs and represents a competitive benchmark for globally diversified multi-asset-class portfolio strategies.