Evan Frazier, CFA, CAIA
Senior Research Analyst
In recent years, international stocks have underperformed their domestic counterparts by a significant margin. Specifically, the MSCI ACWI ex-US index has compounded annual returns at just 3.3% over the last decade through the end of October, compared to an annualized return of 12.8% for the S&P 500 index. This current stretch marks the longest period of relative outperformance on a trailing 5-year basis for either index since the early 2000s.
This newsletter examines a host of factors that have contributed to this pattern of performance, including differences in composition between U.S. and international equity indices, currency movements, and geopolitics and analyzes the diversification benefits of international equity allocations within portfolios despite performance challenges.
Read > International Equities: Waitin’ on a Sunny Day
05.17.2023
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05.09.2023
In February of this year, Marquette published a Perspectives piece entitled Is the Sky Falling? that detailed…
04.26.2023
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04.06.2023
This video is a recording of a live webinar held April 20 by Marquette’s research team, featuring in-depth analysis of…
04.20.2023
The Global Industry Classification Standards (GICS) were established in 1999 by MSCI and S&P Dow Jones Indices to categorize publicly-traded…
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