Marketing Commentary- Q4 2005
What’s Been Happening? While it may seem like the year sputtered to a flat finish, a look around the globe tells a different story. Emerging Markets scored enormous gains as the “ten flatteners” (such as offshoring and outsourcing) that Thomas Freidman talks about in “The World is Flat” took hold. Bangalore was booming. We frequently hear sound bites about the increasingly less relevant Dow Jones Industrial Index (flat for 2005), the Nasdaq (up 1.37% in 2005) and the S&P 500 (+4.89% in 2005). Our global portfolios substantially outperformed. A year ago, when our press was decrying the...
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