Sentences with phrase «local equity market returns»

Not exact matches

The sample period is bullish for equities, with the average monthly return of the local stock market 1.6 % above the risk - free rate.

Emerging - market local currency bonds returned almost 3 per cent, while equities from developing nations also clung onto gains.

We find that the Shiller - PE is a reliable long - term valuation indicator for developed and emerging markets and we use the indicator to predict real returns on local equity markets over the next five to ten years.

[1] We use the average local returns of a range of international and domestic futures markets to represent equity index and bond sectors.

Klement uses the indicator to predict real returns on local equity markets over the next five to ten years (shown in Exhibits 11 and 12 extracted below):

• For all developed equity markets the expected real return in local currencies is positive and the probability of negative real returns after ten years is generally low.