PIPER median international accounts outperformed the U.S. equity...

PIPER median international accounts outperformed the U.S. equity market for both the quarter and the year ended Sept. 30. The median overall international equity account returned 4% for the quarter and 32.2% for the year, while the median managed overall domestic equity account dropped 6% and gained 24.1%, respectively, for the periods. The MSCI EAFE index returned 4.5% for the quarter and 31.3% for the year. The S&P 500 lost 6.2% in the quarter, but gained 27.8% for the year. Japan had the best median returns in the international market, with 20.6% for the quarter and 85% for the year, while European equity grew just 1.5% and 19.4% for the periods.