This review features world capital market performance and a timeline of events for the past quarter, as well as an annual review for 2018.
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.
Equity markets around the world posted negative returns for the quarter. Looking at broad market indices, emerging markets outperformed developed markets, including the US.
Value stocks were positive vs. growth stocks in all markets, including the US. Small caps underperformed large caps in the US and non-US developed markets but outperformed in emerging markets.
REIT indices outperformed equity market indices in both the US and non-US developed markets.
Equity markets around the world posted negative returns for 2018. Looking at broad market indices, the US outperformed non-US developed and emerging markets.
Value stocks were positive vs. growth stocks in emerging markets but negative in the US and non-US developed markets. Small caps underperformed large caps in the US, non-US developed, and emerging markets.
REIT indices outperformed 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