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Freedom Holding Corp. Founder and CEO Timur Turlov has contributed an analytical article on global stock markets to Advisor, an Italian financial news platform. The article appears within an editorial space dedicated to viewpoints from global financial leaders and senior industry executives, offering readers expert reflections on market trends, portfolio positioning, and cross-border investment dynamics. 📈 In the article, Timur examines the long-standing tendency of investors to prioritise domestic markets and the risks this approach revealed in 2025. As he notes, “American investors have historically tended to concentrate their investments on domestic assets,” a pattern that came at a clear cost when global markets diverged. He highlights the performance gap between US and international markets, noting that “non-US equities (MSCI ACWI ex USA) grew by 33% in dollar terms, while the S&P 500 rose by only 18%.” He also points out that even excluding currency effects, markets outside the US still grew by 25% in local currencies. The article examines these results in the context of improving macroeconomic indicators across international markets, signs of economic recovery in Europe, fiscal stimulus in Germany, easing inflation and rate cuts in the UK, as well as continued growth in Japan and China, alongside a decreasing gap in corporate earnings growth between US and non-US companies. The analysis concludes that “the gap between US and non-US companies is narrowing, which will support the growth of non-US equities,” reinforcing the relevance of looking beyond domestic markets when considering diversification. 🌐 🔗 Read more on Advisor