The Potential for Absolute Returns in an Uncertain WorldAlec Young
After declining sharply in 2008, global equities got off to a rough start in 2009 — the S&P 500 index declined 6.4%, and the MSCI EAFE index fell 7.9% year-to-date (through January 29). In addition, the S&P SmallCap index and the MSCI Emerging Market index compounded their sharp 2008 declines by falling 10.9% and 6.2%, respectively.
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