Global Market Breakdown | Q4 2017
Global equity markets advanced in fourth quarter with a 5.93% aggregate return. Emerging markets (+7.66%) outperformed US markets (+6.49%) and Developed (ex US) markets (+4.57%).
In the US, mid cap (+6.94%) outperformed large cap (+6.77%) and small cap (+3.59%). Among price-to-book asset classes, growth (+8.28%) beat neutral (+5.94%) and value (+5.75%).
In Developed markets, mid cap (+5.74%) outperformed small cap (+5.28%) and large cap (+4.15%) while value (+5.39%) beat growth (+4.70%) and neutral (+3.83%). Among the twenty-two Developed countries, Singapore (+8.78%) experienced the largest gain while Japan (+8.63%) made the largest contribution. Sweden (-2.70%) had the lowest return and was the largest detractor.
In Emerging markets, small cap (+8.84%) outperformed mid cap (+8.09%) and large cap (+7.30%). Among price-to-book asset classes, growth (+9.42%) beat value (+7.45%) and neutral (+6.59%). Across Emerging market countries, South Africa (+20.73%) provided the largest return while Korea (+11.88%) contributed the most. Mexico (-8.47%) declined the most and was the largest detractor.