Why investors should look beyond ASX shares for outsized gains

Yesterday I penned an article noting 3 reasons the S&P/ASX 200 Index (ASX: XJO) is likely to join US indexes to hit its own new record highs.

Although the ASX 200 slipped yesterday, and is down 0.5% in late morning trading today, that positive outlook certainly remains true.

However, while there are plenty of great performing shares on the ASX you should have in your portfolio, today I want to stress the importance of looking beyond the local markets. Specifically, to US markets.

Why you shouldn’t limit yourself to ASX shares

Let’s look at the relative performance of the Aussie and US markets first.

Over the past 12 months the ASX 200 is down 3.4%. Over 5 years it’s up 27.2%.

Over the past 12 months the S&P 500 Index…