Marketing Commentary- Q3 2005
What’s Been Happening? It seems like risk is back in fashion, especially outside the U.S. International and Emerging Benchmarks made the loudest statements in the past three months, up 10% and 18%, respectively. Emerging markets have advanced almost 50% in the past year, despite higher oil prices that should hurt economies that rely heavily on energy demanding manufacturing. Despite above average three-year annual returns of over 16 % for large US Companies, the S&P 500 is still underwater over the past five years. The record damages of Hurricane Katrina and her sibling storms are now...
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