Ever since the presidential elections, the S&P 500 and U.S. stock exchange traded funds have unexpectedly pulled ahead of their global peers.

After global benchmarks mostly rallied in unison over the past five years, U.S. markets are enjoying a sudden lead in the ongoing bull market, reports Oliver Renick for Bloomberg.

The SPDR S&P 500 ETF (NYSEArca: SPY), iShares Core S&P 500 ETF (NYSEArca: IVV) and Vanguard 500 Index (NYSEArca: VOO) have all added about 5% since the November 8 election.

On the other hand, the MSCI Index of developed world markets outside the U.S. is only 1.4% higher while stocks have declined in developing countries, Asia and Latin America.

Specifically, the iShares MSCI World Index Fund (NYSEArca: URTH), which tracks world markets including a hefty 60% position in U.S. markets, is up 2.7% since November 8.

The iShares MSCI All Country Asia ex Japan ETF (NYSEArca: AAXJ), which includes major emerging Asian markets and excludes Japanese stock exposure, fell 7.1% since the elections.

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