Is There Still a Long-Term Case for Emerging Market Equities?
1 Monthly and weekly data in August from EPFR
2 Gross Domestic Product (GDP) is the monetary value of all the ﬁnished goods and services produced within a country’s borders in a speciﬁc time period.
3 United Nations, Haver Analytics
4 Shiller price-to-earnings is a valuation measure, generally applied to broad equity indices, that uses real per-share earnings over a 10-year period. A lower valuation indicates that stocks are cheaper than they have been historically and vice versa.
5 MSCI All Country World Index is a free float-adjusted market capitalization index that measures equity market performance in the global developed and emerging markets, consisting of developed and emerging market country indices. MSCI index performance is shown net of dividend withholding tax. This Index is unmanaged and not available for direct investment.
Important Risks: Investing involves risk, including the possible loss of principal. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. • Focusing on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.
The views expressed here are those of Nanette Abuhoff Jacobson. They should not be construed as investment advice. They are based on available information and are subject to change without notice. Portfolio positioning is at the discretion of the individual portfolio management teams; individual portfolio management teams and different fund sub-advisers may hold different views and may make different investment decisions for different clients or portfolios. This material and/or its contents are current as of the time of writing and may not be reproduced or distributed in whole or in part, for any purpose, without the express written consent of Wellington Management or Hartford Funds.