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.
Equity markets around the globe posted positive returns in the second quarter. Looking at broad market indices, US and non-US developed markets outperformed emerging markets for the quarter.
Value performance was mixed in the US, with small value outperforming small growth but large value underperforming large growth. Value underperformed growth in non-US developed markets and outperformed in emerging markets.
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 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