This review features world capital market performance and a timeline of events for the past quarter.
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, non-US developed markets and emerging markets recorded similar returns, outperforming the US during the quarter.
The value effect was negative in the US, non-US, and emerging markets. Small caps outperformed large caps in non-US developed markets but underperformed in the US and emerging markets.
Download the PDF version for a complete review featuring additional performance data for individual asset classes and further commentary.View Report