This review features world capital market performance and a timeline of events for the past quarter, as well as an annual review for 2016.
Download the full PDF report at the end of this post for complete commentary.
These headlines are not offered to explain market returns. Instead, they serve as a reminder that investors should view daily events from a long-term perspective and avoid making investment decisions based solely on the news.
Looking at broad market indices, the US outperformed both non-US developed and emerging markets during the quarter. US and non-US real estate investment trusts (REITs) recorded negative returns and lagged the US and non-US equity markets.
The value effect was positive in the US, non-US, and emerging markets. In US dollar terms, small caps outperformed large caps in the US but underperformed in non-US developed and emerging markets.
Looking at broad market indices, the US outperformed both non-US developed and emerging markets for the year. US and non-US real estate investment trusts (REITs) recorded positive returns but lagged the US and non-US equity markets.
The value effect was positive in the US, non-US, and emerging markets across all size ranges. Small caps outperformed large caps in the US and developed markets outside the US but underperformed in emerging markets.
Download the PDF version for a complete review featuring additional performance data for individual asset classes and further commentary.
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