Returns

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Developed market government bond yield distribution, 2017-2019

Developed market government bond yield distribution, 2017-2019.png

Our best guess on future returns

Our best guess on future returns.png

CAPE ratios and future 10 year stock market returns

CAPE ratios and future 10 year stock market returns.png

Stocks return 10% per year?

Stocks return 10 percent per year.png

7-year asset class real return forecasts

7-year asset class real return forecasts.png

MSCI EAFE value vs growth relative valuations and subsequent 5-year returns

MSCI EAFE value vs growth relative valuations and subsequent 5-year returns.png

MSCI EAFE - growth of a hypothetical $10,000 investment

MSCI EAFE - growth of a hypothetical 10,000 investment.png

US vs international performance

US vs international performance.png

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

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