The countries high in economic freedom (other than the United States which is also high in economic freedom) beat the MSCI EAFE Index by 0.17% during the month of October.
The EAFE Index was boosted by some of the countries in Northern Europe which appreciated an average 4.15%, and pulled down by Japan which lost 0.08%.
Australia had the highest performance among these countries with a 5.53% return beating even the returns of iShares Emerging Market Index ETF (EEM) at 4.84%.
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David John Marotta is the Founder and President of Marotta Wealth Management. He played for the State Department chess team at age 11, graduated from Stanford, taught Computer and Information Science, and still loves math and strategy games. In addition to his financial writing, David is a co-author of The Haunting of Bob Cratchit.
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