Client Letter – Q3 2012

During the past quarter, the world-wide equity markets performed fairly well, helping our 1-year returns look very strong.  The chart below shows the 3-month, 1-year, and 10-year performance of many DFA funds (representing different asset classes) compared to the S&P 500 Index: Market Returns for the period ending September 30, 2012  DFA Fund / Index  3 Month Return  1 Year Return […]

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Another Wall of Worry

Stock prices rallied sharply around the world in the third quarter, with forty-two out of forty-five countries tracked by MSCI showing positive returns in US dollar terms. Total return exceeded 10% in nineteen different markets, while Ireland, Japan, and Morocco registered minor losses. For the twelve-month period ending September 30, 2012, forty markets had positive returns, with six countries—including the […]

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