premium, as evidenced by the MSCIUSAValue and GrowthIndices since 1978.2 Figure 1A CumulativeReturns for Beta-AdjMSCIUSAGrowth and ValueIndices, 1978-2007 Figure 1B CumulativeReturn to the Beta-Adj Spread, MSCIUSAValue Minus Growth, 1978-2007 Value ... display the long run Value-Growth spread, i.e. the value premium, as evidenced by the MSCIUSAValue and GrowthIndices since 1978.2 ... Over the long run, value stocks have traditionally outperformed growth stocks
KAXt and βWt are the betas related to the return on the Danish KAX index and the MSCI world index, respectively, and βDt, βMBt and βGt are the betas related to the return on the JP Morgan Denmark Government Bond index, the return on the Nykredit Markets ... denmark, eastern europe, europe, japan, north america
World Ex-USMSCI All Country World Ex-USGrowthMSCI All Country World Ex-USValueMSCI EAFE MSCI EAFE GrowthMSCI EAFE ValueMSCI Emerging Markets CGE BMI Ex-US N/A N/A ... year cumulative relative wealth chart, below (left) indicates that SURS U.S. Equity ... U.S. Total Stock Market (TSM) Index, posted a return of 0.4% for the month. During June, small cap outperformed large cap stocks, and growth outperformed value stocks
Ex-USGrowthMSCI All Country World Ex-USValueMSCI EAFE MSCI EAFE GrowthMSCI EAFE ValueMSCI Emerging Markets S&P BMI Ex-US N/A N/A ... indicates that SURS U.S. Equity portfolio has lagged its benchmark return by approximately 3.0%. SURS U.S. Equity portfolio return trailed its benchmark by 56 basis ... Results The five-year cumulative relative wealth chart, below (left) indicates
World Ex-USMSCI All Country World Ex-USGrowthMSCI All Country World Ex-USValueMSCI EAFE MSCI EAFE GrowthMSCI EAFE ValueMSCI Emerging Markets S&P BMI Ex-US N/A N/A ... as represented by the MSCI All Country World Ex-US Index, returned 6.8%. SURS portfolio performance lagged the benchmark by 0.1% for the period, returning 6.7%. Growth stocks ... (left) indicates that SURS Non-U.S. Equity portfolio has lagged its benchmark return
is contemporaneous market beta, Ann. Mean is annualized mean return, Ann. SD is annualized ... Panel A Variable/ Large Blend Estimate t-stat Large Growth Large Value Estimate t-stat Estimate t-stat Mid-Cap Blend Estimate t-stat (SP) (LS) (VG) (USD) (LGC) (TS) (dVIX) (CS) (LEHMEMD) (MSCIEMS) (UMD) Adj. R2 ... This table presents summary statistics for monthly Morningstar open-ended US mutual fund index returns from January 1994 to December 2008. All returns
currencies, due to policy tapering in the US and an apparent slowdown in some macroeconomic indicators. The MSCI China index declined by 6.6%, while H-shares ended 9 ... to the Utilities and IT sectors. To achieve long-term capital growth through investment ... T+5 (S)/T+6 (R) USD 37.2 m n/a USD 132, 528 China Opportunities Fund MSCI China Cumulative performance in USD (%) of Class I shares 1 Mth 3 Mth YTD 1 Yr 3 Yr
Oct 12 Jan 14 Index Methodology The MSCI Global Value and GrowthIndices are based on the MSCI Global Investable Market Value and GrowthIndices Methodology—a comprehensive ... MSCIUSAGrowth Index (EUR) The MSCIUSAGrowth Index captures large and mid cap securities exhibiting overall growth style characteristics in the US ... Performance (%) MSCIUSAGrowth Year MSCIUSAMSCIUSAGrowthMSCIUSA
returns on investments in the ETF. 1 year since inception betaPro HJD mScI emerging ... with an investment in the eTF . Please read the prospectus before investing . The indicated rates of return are the historical returns including changes in unit value and reinvestment ... returns . An investment in the eTF is not guaranteed . Its value changes frequently
Long/Short funds also produced positive returns, with outperformance from U.S ... from U.S. equities while performance from most other risk assets was roughly neutral or slightly negative. Encouraging U.S. bank stress test results buoyed investor sentiment ... Performance & Characteristics 1 Cumulative (%) QTD Annualized (%) MTD YTD 1Y 3Y 5Y GSDO Limited (USD Feeder) GSDO Limited (GBP Feeder) MSCI World Index Hedged USD Barclays Aggregate Bond Index 3 Month Libor Max. MSCI World USD Vol ITD