Emerging markets trailed US equities by 400 basis points over 30 years
Larry Kochard · Larry Kochard – From Endowment Professor to OCIO Chief at Makena Capital (Capital Allocators, EP.250) · May 16, 2022 · at 33:36
Larry Kochard, CIO at Makena Capital Management, reviews long-term asset class returns since institutional capital entered emerging markets in 1992.
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“More or less, the U.S. Return is about 10 and a half percent. Non-U.S. Developed market equities close to six percent. Emerging markets slightly above developed market equity at about six and a half percent. So that's a 400 basis point under performance during a period of time when this goes back to March of 1992.”
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