It’s tough holding, or even better, investing, into capital markets (or asset classes) that have not been performing well (never go all in of course.) Over the past several quarters we have re-iterated multiple times, (here and here and here) that we believe international markets hold better value.
Research Affiliates – Robert Arnott
One of the most respected investment and research firms in the industry Research Affiliates and their founder Robert Arnott, recently opened a portion of their research to all investors. Here is their estimate of equity market returns for the next 10 years.
We were happily surprised at their conclusions:
US large and small companies score VERY (farthest right and fourth from right) low on Research Affiliates expected 10 year return. We agree!
Have a good day!
John A. Kvale CFA, CFP
PS Traveling on Friday and Cathy is having a procedure that may keep her from the office as well, Monday is a Holiday and our office will be closed !
PSS More on this research soon!