GLDM - Mean Reversion + Valuation = Opportunity

Current U.S. equity market valuations will make it hard for many investors to achieve their goals in the coming decade. Current valuations imply long term returns of only 4-5% per year. However, an analysis of historical return data and valuations suggests attractive opportunities in select asset classes. These include U.S. value, international developed, international value and small cap, emerging markets, emerging value and emerging small cap. Natural resources, MLPs and gold are also enticing. Investors can utilize these assets selectively to boost portfolio performance or as core components of a contrarian portfolio. However, there are