Case Filesd-10-EFTA01459571Dept. of JusticeEFTA Document EFTA01459571
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sd-10-EFTA01459571Dept. of JusticeEFTA Document EFTA01459571
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7 Global Equities All Eyes on Earnings Rolling Return: EAFE vs. U.S. 50.0% 30.0% 10.0% 149 IAEA • 11 -10.0% 1. -30.0% -50.0% 4---------- U.S. outperforming Intematbnat -70.0% Dec-72 Jan-80 Feb-87 Mar-94 Apr-01 May-06 Jun-15 4- International outperforming U.S. -----------------> MSCI EAFE (USD) vs SSP 500 (Rolling 3 YR Return Annualized) Historically, the performance of international equities relative to the U.S. has shifted in cycles. In fact, the past five cycles that i
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Dept. of Justice
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sd-10-EFTA01459571
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