Euro Pain Turns to 23% Gain for Europeans in S&P 500
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For all the losses facing Europeans this year, investors from the region who bought U.S. stocks as the euro weakened are getting the best returns in a decade.
The Standard & Poor’s 500 Index rose 23 percent this year when translated to euros, the most since the currency was formed in 1999 and almost double the 13 percent gain for Americans, according to data compiled by Bloomberg. Buying the Nikkei 225 Stock Average in Tokyo produced a 20 percent increase for Europeans, compared with a 2.5 percent loss when priced in yen, the data show.