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Value of hypothetical $1,000 investment in the MSCI ACWI from 1/1/12-12/31/21

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10-year return projections for the liquid asset classes

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US treasury yields since 1990

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2020 Election: Agenda (Amundi Pioneer 2020)

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Government Debt as % of GDP (IMF 1990-2020)

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Coups and Coup Attempts Globally Since 1946

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Concentration measured as percent of total market capitalization of the S&P 500 since 1995

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S&P 500 vs. Emerging Markets Equity

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US CPI college tuition & fees NSA year-on-year price increase (%) since 1981

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Ratio of property prices to household income in select cities

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