Schroders: Majority of long-term best-performing stocks are outside US

Canada and Japan-domiciled assets among top stars

A majority of the world's best-performing stocks over the past five years have come from outside the US, despite the exponential gains seen by the FAANG (Facebook, Amazon, Apple, Netflix and Google) stocks and the subsequent attention they have received, according to Schroders' Duncan Lamont.

Lamont, who is head of research and analytics at the firm, said seven of the ten top-performing stocks in the developed market index, as well as 16 out of the 25 best performers, have been domiciled in the likes of Canada, Japan, New Zealand and Sweden as opposed to the US, despite FAANGs hitting the financial media headlines. Deep Dive into global equities: Ready for a K-shaped recovery? "The most exciting developed market companies are located in the US, right? Think again," he said. "Yes, the US stockmarket has powered ahead, but most of the top-performing companies have been lo...