(Bloomberg) -- The biggest June rally for global stocks since 1999 is handing equity investors the year’s top returns, beating the dollar, bonds and commodities.
The MSCI All-Country World Index of shares in 45 nations climbed 6 percent over the first six months, led by the U.S., where $1.1 trillion was added to share values. The gain is about 1.1 times the increase in global bonds and 1.8 times more than the dollar after adjusting for daily swings, data compiled by Bloomberg show. Before the adjustment, fixed income climbed 2.8 percent, the U.S. currency added 1.7 percent and the S&P GSCI Total Return index of commodities sank 7.2 percent.
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