Last year, US companies spent over $1 trillion buying back their own shares. It was the third consecutive year in which repurchases topped the $1 trillion threshold, and fourth time in the last six years.
Although the 2024 US presidential election looks likely to be a re-run of the 2020 contest, it still meets the classic definition – irregular, deviating from the normal – of the word anomalous. From the age of the incumbent to the Republican challenger Donald Trump’s legal baggage and lack of decorum, everything about this election seems unusual.
The debate among investors over China’s place in the emerging markets universe and the appropriate level of exposure to the world’s second-largest economy is not a new one.