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Military conflicts have not affected long-term equity growth

Footnotes

1Source: Bloomberg LP, as of May 31, 2024. Results in US dollars. Indices cannot be purchased directly by investors. Past performance is not a guarantee of future results. The MSCI Poland Index is designed to measure the performance of the large and mid-cap segments of the Polish market.


Investors should consult a financial professional before making any investment decisions. This does not constitute a recommendation of an investment strategy or product for any particular investor. Investors should consult a financial professional before making any investment decisions.

Every investment involves risks, including the risk of loss.

Past performance is no guarantee of future results.

A direct investment in an index is not possible.

In general, stock prices fluctuate, sometimes significantly, in response to company-specific activities as well as general market, economic and political conditions.

The Consumer Price Index (CPI) measures the change in consumer prices as compiled by the U.S. Bureau of Labor Statistics. The core CPI excludes food and energy prices, while the headline CPI includes them.

The S&P 500® Index is a market capitalization-weighted index of the 500 largest U.S. domestic stocks. The S&P 500 Total Return Index assumes that all cash distributions are reinvested.

The above opinions are those of the author on June 28, 2024These comments should not be considered recommendations, but rather illustrations of broader issues. Forward-looking statements are not guarantees of future results. They involve risks, uncertainties and assumptions; there can be no assurance that actual results will not differ materially from expectations.

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