- 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.
Past performance is not a guarantee of future results. It is not possible to invest directly in an index. Performance does not reflect the expenses associated with management of an actual portfolio.
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