Global Equity and International Fund Strategies Fourth Quarter 2014 Review

Global Macro Review The world in 2014 was turbulent and challenging. Key events included: the militant group Islamic State (ISIS) creating terror with their conquests and displacing hundreds of thousands of people, the Ebola virus causing a global health crisis, conflict between Israel and Hamas erupting once again, and the Ukraine exploding into military conflict. The unfortunate thing about these issues on an ongoing basis is that they may challenge sustainable global growth.

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