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The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.
Past performance does not guarantee future results.
A weaker dollar period denotes a lower price trend in the value of the US dollar relative to other foreign currencies in the Nominal Broad U.S. Dollar Index.
As of January 31, 2023
Source: Federal Reserve Economic Data, Morningstar, MSCI, S&P and AllianceBernstein (AB)
Past performance does not guarantee future results.
*Equity risk premium is calculated as respective country earnings yields minus 10-year government bond yields. The average is the time frame 2005–2022.
†Non-domestic revenues based on equity benchmark. Europe represented by STOXX 600 Index, Japan by TOPIX, US by S&P 500 and emerging markets by MSCI Emerging Markets
Left display as of December 31, 2022; right display as of December 31, 2021Source: Bloomberg, FactSet, Goldman Sachs Global Investment Research, MSCI, S&P, STOXX, TOPIX and AB
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.
MSCI makes no express or implied warranties or representations, and shall have no liability whatsoever with respect to any MSCI data contained herein.
The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI.