During the U.S. rate hike cycle that began June 30, 2004, and lasted until the first rate cut on Sept. 18, 2007, the three S&P Dow Jones Asian Dividend Indices examined, as well as the S&P Pan Asia REIT Index, significantly outperformed the Pan
Asia equity benchmark, the S&P Pan Asia BMI, and the S&P U.S. Treasury Bond 7 - 10 Year Index (see Exhibit 1).
Not exact matches
Chief
Asia Equity Strategist Jonathan Garner expects 26.5 % year - over-year average earnings growth for components of the
benchmark Tokyo Stock Price Index in 2017, followed by 9.8 % growth in 2018.
The returns of all three Asian dividend indices and the S&P Pan
Asia REIT Index lagged the
equity benchmark and the S&P U.S. Treasury Bond 7 - 10 Year Index.
As a member of the investment committee, he helped the firm's
Asia - focused
equity funds significantly outperform the
benchmark index.
For international
equities, RINT's index is similar to the one tracked by Vanguard's VIU: both
benchmarks cover developed markets in Europe,
Asia and Australia.