Issue link: https://read.uberflip.com/i/1490964
For existing institutional investor client use only. Not for public distribution. The information contained herein is confidential and proprietary to SEI and is not to be reproduced or made available in any form to any persons without the express prior written consent of SEI. 9 ©2022 SEI Source: Bloomberg, Russell, MSCI, SEI. U.S. = Russell 3000 Total Return Index, Developed (ex-US) = MSCI World ex-U.S Net Total Return Index, Emerging = MSCI Emerging Markets Net Total Return Index, Europe = MSCI Europe Net Total Return Index, Japan = MSCI Japan Net Total Return Index, Pacific ex-Japan = MSCI Pacific Ex Japan Net Total Return Index, EMEA = MSCI Emerging Markets Europe Middle East & Africa Net Total Return Index, Latin America = MSCI EM Latin America Net Total Return Index, Asia = MSCI EM Asia Net Total Return Index. All returns in USD. As of 9/30/20XX. Past performance is not a guarantee of future results. International equity market review • With a small number of exceptions, countries and regions outside the US experienced a challenging quarter. Developed markets fared a bit better than emerging markets overall, a reversal of trends seen in Q2. • Within emerging markets, Latin America was the best-faring region thanks to favorable economic and political surprises in Brazil and Chile. EMEA was mixed as high energy prices were a boon to oil-producing countries but a bane to emerging Europe. With the exception of commodity-rich Indonesia, emerging Asian countries performed rather poorly as China engaged in additional rounds of "Zero COVID" lockdowns. -15% -10% -5% 0% 5% 10% Jun '22 Jul '22 Aug '22 Sep '22 Cumulative Total Return QTD International Equity Market Returns Developed (ex-U.S.) (-9.2%) Emerging Markets (-11.6%) -4.5% -9.2% -11.6% -7.7% -8.8% -10.1% 3.6% -5.3% -14.0% -17.6% -23.9% -28.1% -29.3% -18.8% -24.8% 0.2% -33.8% -29.5% U.S. Developed (ex-U.S.) Emerging Japan Pacific ex-Japan Europe Latin America EMEA Asia Broad Regions Developed Regions Emerging Regions Total Return Regional Performance Third Quarter One Year