Market Matters: July 31, 2023
Risk assets rallied in July as slowing inflation and pockets of economic resilience supported performance.
Currency
Liquidity Hazard Planning for Families of Wealth
Consistently revisiting potential liquidity risk is important work for family investors. To manage liquidity risk, families should employ best practices, monitoring illiquid investments, spending needs, and currency considerations. By doing so, they can guard against unanticipated stressors and remain on track to achieve their investment goals.
Market Matters: June 30, 2023
Performance was mixed in second quarter as several crosscurrents painted an uncertain outlook.
Market Matters: May 31, 2023
Risk assets generally declined in May, with real assets posting the lowest returns across broad categories.
Decades of Data: Emerging Markets 1987–2022
The 2022 Emerging Markets edition of our annual report on the history of financial markets provides context for the range of returns investors can expect from equities, bonds, and cash; reveals the importance of various components of equity returns; examines the evidence for equity mean reversion; and reviews the relationship between initial valuations and subsequent returns for equities and bonds.
Do Recent Central Bank Meetings Alter Our US Dollar Outlook?
No, we expect that while the US dollar should decline from its current elevated level over the medium term, there are factors that will continue to provide it with support in the short term. If our expectations are met, later this year or early next year should be an opportune time to consider positioning portfolios to benefit from a weaker dollar.
US Manager Universe Statistics: First Quarter 2023
This publication presents manager performance for 37 asset classes and substrategies, showing the median, mean, and key percentiles of return. Relevant indexes for each asset class are also included to provide market context.
Market Matters: April 30, 2023
Risk assets generally advanced in April.
Market Matters: March 31, 2023
Risk assets continued to rebound in first quarter, led by global equities, which have gained 15% since their recent trough last October.
Decades of Data: United Kingdom 1900–2022
The 2022 UK edition of our annual report on the history of financial markets provides context for the range of returns investors can expect from equities, bonds, and cash; reveals the importance of various components of equity returns; examines the evidence for equity mean reversion; and reviews the relationship between initial valuations and subsequent returns for equities and bonds.