TAILIEUCHUNG - Credit Suisse Global Investment Returns Yearbook 2013

You are currently a server administrator in the database server you are using for these exercises. Observe that data you create when you are logged in as a server administrator is owned by dbo. The dbo group in SQL Server is basically equivalent to a sysadmin user, which confers the highest level of control over the SQL Server instance and its contents. Being part of the dbo group also means that all the data you create is stored in the dbo schema in the database. As a result, all users who connect as a database server administrator own and can modify the data in the dbo. | Credit Suisse February 2013 Research Institute Thought leadership from Credit Suisse Research and the world s foremost experts Credit SuisseGlobal Investment Returns Yearbook 2013 CREDIT SUISSE GLOBAL INVESTMENT RETURNS YEARBOOK 2013_2 Contents 5 The low-return world 17 Mean reversion 29 Is inflation good for equities 35 Country profiles 36 Australia 37 Austria 38 Belgium 39 Canada 40 China 41 Denmark 42 Finland 43 France 44 Germany 45 Ireland 46 Italy 47 Japan 48 Netherlands 49 New Zealand 50 Norway 51 Russia 52 South Africa 53 Spain 54 Sweden 55 Switzerland 56 United Kingdom 57 United States 58 World 59 World ex-US 60 Europe 62 References 64 Authors 66 Imprint Disclaimer For more information on the findings of the Credit Suisse Global Investment Returns Yearbook 2013 please contact either the authors or Michael O Sullivan Head of Portfolio Strategy Thematic Research Credit Suisse Private Banking sullivan@ Richard Kersley Head of Global Research Product Investment Banking Research To contact the authors or to order printed copies of the Yearbook or of the accompanying Sourcebook see page 66. CREDIT SUISSE GLOBAL INVESTMENT RETURNS YEARBOOK 2013_3 Introduction It is now over five years since the beginning of the global financial crisis and there is a sense that following interruptions from the Eurozone crisis and more recently the fiscal cliff debate in the USA the world economy is finally moving towards a meaningful recovery. In this context the Credit Suisse Global Investment Returns Yearbook 2013 examines how stocks and bonds might perform in a world that is witnessing a resurgence in investor risk appetite and might soon see a rise in inflation expectations. The 2013 Yearbook now contains data spanning 113 years of history across 25 countries. The Credit Suisse Global Investment Returns Sourcebook 2013 further extends the scale of this resource with detailed tables graphs listings sources and .

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