logo small

Global Market Breakdown | December 2016

Global equity markets advanced in December with a 2.25% aggregate return. Developed (ex US) markets (+3.23%) outperformed US markets (+1.96%) and Emerging markets (+0.35%).

In the US, small cap (+2.52%) outperformed large cap (+2.19%) and mid cap (+0.93%). Among price‐to‐book asset classes, value (+3.93%) beat neutral (+1.11%) and growth (+0.83%). Telecommunication Services (+8.11%) posted the largest return and Financials (+4.22%) made the largest contribution. Materials (‐0.65%) fell the most and was the largest detractor for the month.

In Developed (ex US) markets, small cap (+3.37%) outperformed large cap (+3.30%) and mid cap (+2.85%) while value (+4.44%) beat neutral (+3.40%) and growth (+1.70%). Energy (+6.92%) gained the most, and Financials (+3.47%) was the top contributor. Industrials (+1.79%) declined the most while REITs (+3.08%) was the largest detractor. Among the twenty‐two Developed (ex US) countries, Italy (+12.96%) experienced the largest gain while United Kingdom (+3.96%) made the largest contribution. Hong Kong (‐6.26%) had the lowest return and was the largest detractor.

In Emerging markets, large cap (+0.50%) outperformed small cap (+0.45%) and mid cap (‐0.49%). Among price‐to‐book asset classes, value (+1.14%) beat growth (0.00%) and neutral (‐0.08%). Of the eleven industry sectors, Energy (+5.12%) posted the largest gain and contributed the most. Health Care (‐1.92%) had the lowest return and was the largest detractor. Across Emerging market countries, Russia (+13.14%) provided the largest return and was the largest contributor. China (‐3.32%) declined the most and was the largest detractor.

VIEW REPORT

Print Email

CONNECT WITH US ON SOCIAL MEDIA!