On a single chart, plot the value of $1 invested in each of the five indexes over time. I.e., for all , plot the cumulative return series for each index:

= (1 + ₁)(1 + ₂) (1 + )

What patterns do you observe?

On a single chart, plot the value of $1 invested in each of the five indexes over time. I.e., for all , plot the cumulative return series for each index:

= (1 + ₁)(1 + ₂) (1 + )

What patterns do you observe?