Page 56 - NovDefComp

Q3 2020 Market Review – International Equity
Q3 2020 Market Review - International Equity

INTERNATIONAL EQUITY

• Developed international equity returned a positive 4.9% in the last quarter (MSCI EAFE).
• Emerging market equity posted a positive 9.6% return (MSCI Emerging Markets Index).

INDEX PERFORMANCE (sorted by trailing quarterly performance) DEVELOPED VS. EMERGING MARKETS

30% Developed Outperforms
15% 13.2% 20%
10% 9.6% 10.5% 8.0%
6.3% 10%
5% 3.0% 4.9% 0%
0.9% 0.1% 10%
0%
20%
-5% 30%
-10% 40%
50% Emerging Outperforms
-15% -12.4%
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
QTR 1 Yr QTR 1 Yr QTR 1 Yr QTR 1 Yr QTR 1 Yr
Over the last year, emerging market stocks outperformed developed international
QTR YTD 1 Yr 3 Yr 5 Yr 10 Yr stocks by 9.6%.
MSCI Emg Markets 9.6 -1.2 10.5 2.4 9.0 2.5 For the trailing quarter, emerging market stocks outperformed developed
MSCI EAFE Large Growth 8.0 4.9 13.2 8.0 9.5 7.0 international stocks by 4.7%.
MSCI ACWI ex US 6.3 -5.4 3.0 1.2 6.2 4.0
MSCI EAFE 4.9 -6.7 0.9 1.1 5.8 5.1 The graph above is plotted using a rolling one-year time period. Developed
MSCI EAFE Large Value 0.1 -18.6 -12.4 -6.3 0.8 1.7 international stock performance is represented by the MSCI EAFE Index. Emerging
market stock performance is represented by the MSCI Emerging Markets Index.

INTERNATIONAL VS. DOMESTIC

25% International Outperforms
20%
15%
10%
5%
0%
5%
10%
15%
20%
Domestic Outperforms
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
The graph above is plotted using a rolling one-year time period. International stock performance is represented by the MSCI ACWI ex U.S. Index. Domestic stock performance is represented by the Russell 3000 Index.

6