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Returns

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Past crises in EM were often followed by strong returns

Past crises in EM were often followed by strong returns.png

US vs international equity performance cycles

US vs international equity performance cycles.png

US yield curve vs S&P 500 next 12M returns

US yield curve vs SP 500 next 12M returns.png

Rapid decrease in global yields, with Germany hitting an all-time low

Rapid decrease in global yields, with Germany hitting an all-time low.png

Interest rate differential between the US and other major economies is falling - why not the dollar?

Interest rate differential between the US and other major economies is falling - why not the dollar.png

Annualized returns over cash, five year rolling windows since 2000

Annualized returns over cash-five year rolling windows since 2000.png

Percentage of active funds that have outperformed the index after fees, January 1999 through December 2018

Percentage of active funds that have outperformed the index after fees, January 1999 through December 2018.png

An international perspective on historical returns

An international perspective on historical returns.png

Municipal bonds may offer attractive mix of income and diversification

Municipal bonds may offer attractive mix of income and diversification.png

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