Insights


Rebalancing, Returns, and Luck in the Last Decade


Matthew J. Bartolini, CFA
Head of SPDR Americas Research, State Street Global Advisors

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Source: FactSet, as of 12/31/2019. Calculation by SPDR Americas Research. Stock exposures as represented by the MSCI ACWI Index, and bonds by Bloomberg Barclays US Aggregate Bond Index. All index returns used are total returns. Past performance is no guarantee of future results. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.

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Source: FactSet, as of 12/31/2019. Calculation by SPDR Americas Research. Stock exposures as represented by the MSCI ACWI Index, and bonds by Bloomberg Barclays US Aggregate Bond Index. All index returns used are total returns. Past performance is no guarantee of future results. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.

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Source: Bloomberg Finance L.P. as of 12/31/2019. Past performance is no guarantee of future results. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.

Footnotes
Glossary
Disclosures