Looking back on how capital markets performed
In 2013, equities busted out, while rising rates were mixed
| Equities (mostly) busted out: Monetary easing by central banks worldwide continued to push equity markets higher in developed economies. The MSCI World index returned 27.5% for the year, vs. -2.4% for its emerging markets index. |
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| Rising rates lifted some boats: While increasing interest rates helped boost corporate pension funding levels, fixed-income investors took a hit during the year. |
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| Gold tarnished: Publicly traded real assets were hurt by rising rates and the prospect of an improving economy. Gold fell the most since 1981. |
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| Year of the yen: The Japanese yen saw its biggest drop vs. the dollar since 1979 as Prime Minister Shinzo Abe enacted policies to reach a 2% inflation goal. |
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| Sources: Bloomberg LP; Bank for International Settlements |
| Compiled and designed by Timothy Pollard and Gregg A. Runburg |
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