The MSCI World index has made a (sterling) total return of nearly 13 per cent in the first half of 2024 and the main drivers, once again, are easy to spot.
Nvidia (US:NVDA) has continued to make ferocious gains, with the shares up by 172 per cent for the year at the time of writing. Other Mag Seven members, from Microsoft (US:MSFT) to Meta Platforms (US:META), have posted their own huge (if lesser) gains.
For investors wanting to pick the best funds, it can therefore feel like the easy wins have all been made.