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 quarter.
Small caps underperformed large caps in the US, non-US developed, and emerging markets. The value effect was positive in emerging markets but negative in the US and non-US developed markets.
REIT indices underperformed equity market indices in both the US and non-US developed markets.
Download the PDF version for a complete review featuring additional performance data for individual asset classes and further commentary.View Report