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Excess returns of top-quartile active mutual funds vs. index

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Valuations of similar companies are often lower outside the U.S.

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Number of companies with dividend yields higher than 3%

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Composition of emerging markets' returns

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Many European companies derive the bulk of their revenue form outside the region

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What percentage of the top 50 stocks each year are non-U.S.?

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The income difference two decades makes

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Higher yields available in select emerging markets

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US treasury yields are abnormally suppressed, remaining well below nominal GDP

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Covenant-lite credit dominates the leveraged loan market

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