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Do EM Currencies Contribute to Higher Volatility?

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Non-U.S. Developed Economies Outlook Remains Weak

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Increasing Relevance of EM Equities

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Global Mutual Fund and Exchange Traded Fund Flows to Active and Passive Fixed Income

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Typical Private Client Allocation vs. Harvard Endowment Target Allocation

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Few Funds Avoided Three Consecutive Years of Unperformance

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Annual Expected Returns in Selected Currencies

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Annual Expected Returns in Selected Markets

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Investing Styles

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Even Successful Funds had Multiple Periods of Unperformance

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