Global Multi-class Market Performance
June 19, 2017 - Strategic Allocation
What is the performance of the global multi-class market portfolio? In their June 2017 paper entitled “Historical Returns of the Market Portfolio”, Ronald Doeswijk, Trevin Lam and Laurens Swinkels estimate returns to a capitalization-weighted multi-class global market portfolio (GMP) during 1960 through 2015 in U.S. dollars. GMP encompasses all readily investable assets, allocated to four broad classes: equities, government bonds,… Keep Reading