Why Volatility Doesn't Rattle Savvy Investors

Multiple, also called price-earnings (P/E) ratio, measures a stock’s valuation by dividing its share price by its earnings per share.

Price-to-book (P/B) ratio is the market price of a stock divided by the book value per share.

Alpha refers to the excess returns of a fund relative to the return of a benchmark index.

The MSCI European Union (EU) Index, which captures large and mid-cap representation across the 13 developed market countries and four emerging market countries in Europe, covers approximately 85% of the free float-adjusted market capitalization in the European equity universe.

The MSCI USA Index measures the performance of the large- and mid-cap segments of the US market.

An investment cannot be made in an index.

Diversification does not guarantee a profit or eliminate the risk of loss.

The risks of investing in securities of foreign issuers, including emerging market issuers, can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.