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S&P Dow Jones Indices Market Attributes: Europe Index Dashboard

Date 04/01/2016

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  • The European Central Bank disappointed those hoping for a massive stimulus package for Christmas. Since a major liquidity boost was already somewhat priced in; its failure to arrive sent equity markets down into year end.
  • The S&P Europe 350® nonetheless completed 2015 with a 8.6% total return.
  • Quality (20%), Momentum (18%), Growth (15%) and Low Volatility (16%) strategies performed particularly well this year.
  • It was a banner year for European small-caps.  The S&P Europe SmallCap BMI gained by a whopping 23% in total return.
  • It was an unusual year in the European bond markets, with negative yields spotted in many corporate bonds, the German Bund briefly offering a 0.1% yield (an all-time low) earlier in the year and a just-avoided default of a European sovereign (Greece) in the middle.  European sovereign bonds finished the year in the black, with a total return of 1.3% for the S&P Pan-Europe Developed Sovereign bond index.