Sandra Meyer is founder of CapGlobal Advisors, LLC. Henry Bosse is Chief Investment Officer of the firm. This is the question from : "Innocents Abroad : Currencies and International Stock Returns" article.

CASE STUDY INNOCENTS ABROAD: CURRENCIES AND INTERNATIONAL STOCK RETURNS 2. Based on Exhibit 1, which market looks the most attractive from a return perspective? Which market looks the least attractive from a risk perspective? What, if anything, could be misleading about this chart? Exhibit 1 Index Returns for the EAFE, EM, and S&P 500 (in Native Currency) from 1991 to 2013 7,000 6,000 *** 5,000 wa 4,000 US$ Indexed Value 3,000 2,000 1,000 0 Jan-91 Jan-93 Jan-95 Jan-97 Jan-99 Jan-01 Jan-03 Jan-05 Jan-07 Jan-09 Jan-11 Jan-13 S&P 500 Composite EAFE EM