At the start of the week we saw US stocks as measured by the S&P 500 +7.86% YTD. International developed market stocks as measured by the MSCI EAFE was +12.25% YTD. Lastly, Emerging markets as measured by the MSCI EM was +14.04% YTD at the start of the week. Certainly a small sample size, but…
Month: May 2017
Instead of concentrating on the central issue of creating sensible long-term asset allocation targets, investors too frequently focus on the unproductive diversions of security selection and market timing. — David Swensen