Comment & Analysis
2021- Looking in the Rear-View Mirror
In contrast to previous years, the total returns on global equities and bonds were quite divergent in 2021. While equities returned a strong +21.8%, global bonds nursed losses of 4.7%. Equity returns were led by the S&P500, which gave a total return of 28.7% including dividends reinvested. The 28.7% annual…
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