Citi picks the best international share markets that can beat the ASX in 2021

The ASX is starting 2021 on a positive footing as it builds on last year’s gains, but those looking for the best returns may need to look offshore.

The S&P/ASX 200 Index (Index:^AXJO) is up by more than 2% since the start of the year and has rebounded by nearly 50% from last March’s COVID‐19 low.

There are reasons to think ASX stocks can keep delivering over the next few months with record low interest rates and the earnings recovery. But Citigroup believes you will need to look overseas if you want the best bang for your investment dollar.

International stock markets best placed to outperform

The broker is forecasting a flat return for the MSCI ACWI Index. This index measures the performance of large- and mid-cap stocks…