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.
The US equity market posted negative returns for the quarter and underperformed non-US developed markets, but outperformed emerging markets.
Value outperformed growth.
Small caps underperformed large caps.
REIT indices outperformed equity market indices.
Developed markets outside of the US posted negative returns for the quarter and outperformed both US equities and emerging markets.
Value outperformed growth.
Small caps underperformed large caps.
Emerging markets posted negative returns for the quarter, underperforming the US and non-US developed equity markets.
Value outperformed growth.
Small caps outperformed large caps.
US real estate investment trusts underperformed non-US REITs during the quarter.
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.
Download the PDF version for a complete review featuring additional performance data for individual asset classes and further commentary.
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