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, the US outperformed non-US developed and emerging markets during the second quarter.
Small caps outperformed large caps in the US but underperformed in both non-US developed and emerging markets. The value effect was negative in the US as well as markets outside the US.
Download the PDF version for a complete review featuring additional performance data for individual asset classes and further commentary.View Report