2019 Annual Market Review

Equity markets around the globe posted positive returns in 2019. Looking at broad market indices, the US outperformed non-US developed and emerging markets for the year.  The value effect was negative in the US, non-US developed markets, and emerging markets. Small caps outperformed large caps in non-US developed markets but underperformed in the US and emerging markets. REIT indices outperformed equity market indices in non-US developed markets but underperformed in the US.

To continue reading an overview of the market in 2019, click the following: 2019 Annual Market Review