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But an investment in the Mexican Bolsa index would've delivered a 27% nominal annual return in pesos and 12% annually in real terms.
Had investors consistently bought the highest-yielding quintile of equity markets over the past 112 years they would have earned an average nominal annual return of 13.3% compared with a return of just 5.4% for those buying the lowest-yielding quintile.
Looking ahead, Salama of Invesco expects emerging-market stocks as an asset class to deliver an 11.5% nominal annual return over the long term (see table, p. 51).
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The setback pulled down the 20-year nominal annual rate of return, monitored in terms of Singapore dollars, from 5.8% to 4.4%, the lowest reading since 2001.
The fund was structured with nominal annual interest payments, a 20% first loss guarantee and return of principal to investors, who mostly include family and community foundations, after five years.
The government guarantees a 2.5 annual return.
It also assumes a 12% annual return.
Each class is taken by a professional writer – Raffaella Barker, Helen Cross, Tim Pears – each of whom receives a nominal annual fee.
The two stations will have to pay a nominal annual fee of just £10,000 for the privilege of broadcasting on national analogue radio.
Average annual return: 36%.
Average annual return: 334%.
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CEO of Professional Science Editing for Scientists @ prosciediting.com