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 positive returns for the quarter and outperformed both non-US developed and emerging markets.
Value underperformed growth.
Small caps underperformed large caps.
REIT indices underperformed equity market indices.
Developed markets outside of the US posted positive returns for the quarter and underperformed the US market, but outperformed emerging markets.
Value outperformed growth.
Small caps underperformed large caps.
Developed markets outside of the US posted positive returns for the quarter and underperformed the US market, but outperformed emerging markets.
Value outperformed growth.
Small caps underperformed large caps.
US real estate investment trusts outperformed 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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