American dream: ETFs in the US

It has been a remarkable start to the year with billions of dollars being ploughed back into developed markets. Most of that money is being withdrawn from emerging markets, where fund outflows recently hit a three-year high. A period of relative underperformance has left shares in many of the developed regions looking attractive. Some of these areas have also benefited from a flight to safety as investors escape tension in the Middle East, the crisis in Japan and the risk of higher interest rates in some of the Asian markets. One of the main beneficiaries has been the US, which is...