Global Clients, Global Portfolios
Research commentary published April 2013 – September 2017
28 entries · February 13, 2015 to August 7, 2017
August 7, 2017 · by Dustin Blodgett · Filed under Portfolio Notes
Global equities marched higher in July, with the MSCI ACWI up 2.79%. The average country was up 4.64%, and the range of returns for July, between countries, was 13.88%. All country returns YTD are positive. Canada is the worst performing…
July 13, 2017 · by Dustin Blodgett · Filed under Portfolio Notes
Global equities marched slightly higher in higher in June, with the MSCI ACWI up 0.45%. The average country was up 0.78%, and the range of returns for June, between countries, was 10.23%. All country returns YTD are positive. Brazil is…
June 8, 2017 · by Dustin Blodgett · Filed under Portfolio Notes
Global equities continued to climb higher in May, with the MSCI ACWI up 2.21%. The average country was up 3.15%, and the range of returns for May, between countries, was 14.42%%. The United States continues to fall in our country…
May 9, 2017 · by Dustin Blodgett · Filed under Portfolio Notes
The United States was up slightly, up 1.05%. Japan was the same, up 1.05%, and Europe as a whole was up 3.53%. Europe was the best performing region for the second straight month. EM wasn’t far behind, up 2.19% during…
April 10, 2017 · by Dustin Blodgett · Filed under Portfolio Notes
Global equities continued to surge higher in March, with the MSCI ACWI up 1.22%. The average country was up 3.08%, and the range of returns for March, between countries, was 15.50%. The United States was flat, up only 0.10%. Japan…
March 10, 2017 · by Dustin Blodgett · Filed under Portfolio Notes
Global equities continued to surge higher in February, with the MSCI ACWI up 2.81%. The average country was up 2.04%, and the range of returns for February, between countries, was 8.50%. The United States was up 3.86%, Japan was up…
February 13, 2017 · by Dustin Blodgett · Filed under Portfolio Notes
Global equities started the year off strong in January, with the MSCI ACWI up 2.73%. The average country was up 4.04%, and the range of returns for January, between countries, was 23.44%. The United States was up 2.04%, Japan was…
January 6, 2017 · by Dustin Blodgett · Filed under Portfolio Notes
Our latest Country Rankings are out. See below for some general comments and click the link to see more details. Global equities finished strong in December, with the MSCI ACWI up 2.16%. The ACWI finished the year up 7.86%, with…
December 8, 2016 · by Dustin Blodgett · Filed under Portfolio Notes
Our latest Country Rankings are out. See below for some general comments and click the link to see more details. Global equities were slightly positive in November, with the MSCI ACWI up 0.76%. The ACWI is up 5.58% YTD, with…
October 7, 2016 · by Dustin Blodgett · Filed under Portfolio Notes
Our latest Country Rankings are out. See below for some general comments and click the link to see more details. China leads the way, ranked #1 for its second consecutive month. China saw some deterioration in its Risk rank, but…
September 8, 2016 · by Dustin Blodgett · Filed under Portfolio Notes
Our latest Country Rankings are out. See below for some general comments and click the link to see more details. European countries are the biggest laggards so far YTD and is the only region exhibiting negative performance YTD. Europe as…
July 7, 2016 · by Dustin Blodgett · Filed under Portfolio Notes
Check out our latest Country Portfolio Notes to see where we believe there is opportunity. The All Country World Index is up 1.23% YTD. The range of best performing country to worst preforming country for YTD is 71%. European countries…
June 13, 2016 · by Dustin Blodgett · Filed under Portfolio Notes
Check out our latest Country Portfolio Notes to see where we believe there is opportunity. The U.S. outpaced international developed and emerging markets during May, returning 1.76%. The average country is down -3.20% YTD Emerging countries dominate the top 10…
May 9, 2016 · by Dustin Blodgett · Filed under Portfolio Notes
Check out our latest Country Portfolio Notes to see where we believe there is opportunity. International markets continue to outperform the U.S. so far this year. ACWI ex US outperformed the U.S. by 2.17% in April. Despite all the headwind…
April 7, 2016 · by Dustin Blodgett · Filed under Portfolio Notes
Global equities surged higher during March, with the MSCI ACWI up 7.41% and the average country up 9.98% in USD. For Q1, ACWI returned 0.24%, with the average country up 4.40%. EM countries have outpaced DM so far YTD. DM’s…
February 10, 2016 · by Dustin Blodgett · Filed under Portfolio Notes
January Highlights Global equities continued their negative slide during January, with the MSCI ACWI down -6.03% and the average country down -5.13% in USD. The average country is down -15% in the last six months. There are no countries with…
January 12, 2016 · by David A · Filed under Portfolio Notes
More than half of the countries outperformed the MSCI ACWI index in December.The range of country returns was 22.80% in December with best performing country up 12.30% and the worst down -10.50%. For 2015, the range of country returns was…
December 8, 2015 · by David A · Filed under Portfolio Notes
November Highlights In a strong reversal from October, global equities pulled back and the MSCI ACWI was slightly negative for the month of November returning -0.83%. For the year, the range of country returns is 58% with the average country…
November 9, 2015 · by David A · Filed under Portfolio Notes
October Comments • In a snapback from September, the MSCI ACWI was up 7.90% in October with all but four countries had positive performance. However, only three countries are in positive territory since the end of July (Belgium, Korea, and…
October 7, 2015 · by David A · Filed under Portfolio Notes
September Comments 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…
September 10, 2015 · by David A · Filed under Portfolio Notes
August Comments All 46 countries in the MSCI ACWI had negative performance during August. The index was down ‐6.86% with the average country down -8.38%. Emerging markets have been punished on the year, down ‐17.55% in USD. September Rankings The…
August 13, 2015 · by David A · Filed under Portfolio Notes
July Comments The MSCI ACWI was up 0.87% in July. China is still in positive territory on the year, up 2.31%. Our 3 countries with hedged exposure all outperformed. Japan (1.73% vs. 0.47%), Germany (3.56% vs. 2.69%), and Korea (‐3.53%…
July 14, 2015 · by David A · Filed under Portfolio Notes
June Comments The MSCI ACWI was down ‐2.35% in June, but still closed the quarter up 0.35%. On the year, China is still the best performing country in our model, up 14.65%. The United States completed the second straight quarter…
June 15, 2015 · by David A · Filed under Portfolio Notes
May Comments The MSCI ACWI was down -0.13% in May and is now up 5.14% on the year. On the year international markets are still outperforming the US by 3.61% Hedging currency exposures was key in May, as it added…
May 12, 2015 · by David A · Filed under Portfolio Notes
April Comments The MSCI ACWI was up 2.90% in April and is now up 5.28% on the year. Latin America was the best performing region, up 10.28% for the month. The biggest currency effect has been in Brazil where the…
April 13, 2015 · by David A · Filed under Portfolio Notes
March Comments The MSCI ACWI was down -1.55% in March and only 25% of the countries in the model had positive returns. The range of returns between countries stayed fairly wide at 21.57%. Dollar strength is continuing to impact investment…
March 11, 2015 · by David A · Filed under Portfolio Notes
February Comments The MSCI ACWI was up 5.57% in February, moving the global markets back into the green for the year. Russia led the way up 22.82% while Turkey was down 9.11% Europe has been the best performing region on…
February 13, 2015 · by David A · Filed under Portfolio Notes
January Comments The MSCI ACWI was down -1.56% in January, but just over half of the countries had positive returns for the month. The US was down -2.85%, which significantly brought down the benchmark index. USD strength had a major…