The ETF Portfolio Strategist: 5 Jan 2022

Total Return Expectations

Expected returns for global markets and the Global Market Index (GMI) were flat to slightly higher in the final of 2021 vs. analysis for the previous month. Despite the fractionally higher bias, GMI’s annualized 4.4% projected long-run performance (based on the average of three models defined below) remains far below its trailing 9.2% annualized advance…