The median international equity account in the PIPER universe beat the MSCI EAFE index for both the quarter and the year ended March 31. The median European equity performed the best for both periods.
The median international account returned 14.9% for the quarter and 21.5% for the year compared with the index, which returned 14.8% and 18.9% respectively. The median PIPER European equity account returned 21.4% for the quarter and 39.5% for the year. The worst-performing median international equity account for the quarter was Pacific Basin equity with 3.5%. The lowest return for the year was the median Pacific Basin ex-Japan equity account, with a -26.7% return.
