- The allocations to Euro hedged Germany (DBGR) and Yen hedged Japan (DBJP) have provided the biggest positive impact on returns.
- India is the only emerging country in our model which has outperformed the ACWI YTD.
- Only 3 of the 46 countries in the MSCI ACWI had positive returns in September (Egypt, India, and Korea).
- Japan is the largest overweight in the global and international portfolios at roughly 7%.
- The US remains a significant overweight in the global strategies.