Anybody know where I can find the annual returns for1999-2008 ? I’m looking for this in Canadian $ terms , anybody generous enough to share ?
There are different ways to calculate EAFE - Net, Gross, Price so it depends on what you want. I only have historical in USD, so I looked up on Bloomberg: Not sure how accurate Bloomberg is but here is MSCI EAFE Gross Returns in CAD: 2008: -32.554% 2007: -7.6151% 2006: +23.7794% 2005: +7.2433% 2004: +8.9884% 2003: +11.2906% 2002: -18.374% 2001: -17.946% 2000: -11.974% 1999: +17.9037%
I got this off of mstar direct and it’s in CAD Name MSCI EAFE GR CAD Annual Ret 2008 BASE -28.7758 Annual Ret 2007 BASE -5.3236 Annual Ret 2006 BASE 26.3742 Annual Ret 2005 BASE 11.1605 Annual Ret 2004 BASE 11.9086 Annual Ret 2003 BASE 13.8350 Annual Ret 2002 BASE -16.5290 Annual Ret 2001 BASE -16.5065 Annual Ret 2000 BASE -10.9522 Annual Ret 1999 BASE 20.2786 Annual Ret 1998 BASE 29.1581 Base Currency Canadian Dollar
FYI, the GR stands for gross. I didn’t see a net version in CAD.
Thanks guys I was looking for net . I got it from one our service providers . Bigwilly - does your firm subscribe to MSCI data via bloomberg ?
Rudeboi - I dont know off the top of my head as we either get it through mscibarra.com or other sources that are paid for. I do know that the returns do seem off from Bloomberg vs MSCI site.
have you tried the MSCI Barra website?
MSCI EAFE Index 2008 -28.78% 2007 -5.32% 2006 26.37% 2005 11.16% 2004 11.91% 2003 13.84% 2002 -16.53% 2001 -16.26% 2000 -10.95% 1999 20.28% 1998 29.16% 1997 6.55% 1996 6.89% 1995 8.47% 1994 14.49%
Here are more EAFE Returns: 1970 -14% 1971 26% 1972 33% 1973 -17% 1974 -26% 1975 31% 1976 0% 1977 15% 1978 29% 1979 2% 1980 19% 1981 -5% 1982 -5% 1983 21% 1984 5% 1985 53% 1986 67% 1987 23% 1988 27% 1989 9% 1990 -25% 1991 10% 1992 -14% 1993 30% 1994 6% 1995 9% 1996 4% 1997 0% 1998 18% 1999 25% 2000 -15% 2001 -23% 2002 -18% 2003 35% 2004 18% 2005 11% 2006 23% 2007 9% When I look at that list, then I look at what it turned in last year and where we are year to date… It makes me very very bullish!!! but I was bullish at higher prices too… so now I’m humble and bullish.
What about the sequence makes you bullish? It’s a little hard to tell as just a list of numbers.
it’s not a sequence thing or a fundamental thing… I’m bullish because of gambler’s fallacy… believing something good will happen because basically the bad stuff is out of the way. We just had a very bad year and are well on our way to having another very bad year.
Got it! I get that feeling on the roulette wheel sometimes too! 
At first blush, it does seem like gambling and that I’ve been stricken by gambler’s fallacy. However, I think I see/understand the big market mechanisms at play. This isn’t a roulette wheel. The mechanisms are happening within companies (layoffs, restructuring) coinciding with investor sentiment (fear, pessimism, etc.) and poor macro news… yet fundamentally our society is fine (plenty of education, food, water, energy, housing, etc.). It could be a perfect storm? The historical returns show a series of bad years is followed by a longer series of good years. I’d say that is a reflection of the mechanisms at work. I just saw a bank of america commercial touting “safe” CD like investment products. At the beginning of the housing bubble, b of a advertised mortgages and pride in home ownership (I scored the jingle, so I remember it well). So that’s a contrary indicator I guess. Anyway, I’m humble but bullish now. The most bullish thing I saw recently was obama’s plan to slash the deficit… holy crap THAT is what the market wants to hear.
That has more logic to it. I figured that you had some kind of mean-reverting idea. Things are so much worse than average, the next years must be closer to the average than they’ve been. That may be true, but it can still mean we’re in for downturns that are just not as severe as what we’ve seen but are cumulatively still destructive. My roulette wheel bit was a very true thing about how when I see a string of yucky numbers (for me), I start to think that the next roll has “got to be better.”
This is a great chart that lists them out for you. http://www.callan.com/research/institute/download/?file=periodic/free/311.pdf