The Federal Open Market Committee's surprise decision to refrain from announcing a tapering down of its quantitative easing program on September 18 has given a lift to a variety of markets around the world.
The chart below highlights returns across asset classes — both in the year to date and since the September 18 decision.
The biggest winners over the latter timeframe: Spanish and Italian equities.
Bloomberg Finance LP, Deutsche Bank Research
Total return accounts for both income (interest or dividends) and capital appreciation. Prices as of 18 Nov 2013, COB.
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