Income Return vs. Capital Growth

Total returns in Northern European countries—such as Sweden, Norway and Denmark—increased in 2015 but then decreased in 2016.

Global total returns by country

Source: MSCI
Source: MSCI

Total return in the United States decreased in 2016 by approximately 38 percent, after an increase of 7.7 percent in 2015. The Netherlands is the only country for which total return has continuously increased in the past two years. The U.K. experienced the most significant decreases since 2014, dropping from a total return value of 17.8 in 2014 to 3.9 in 2016. Total returns in Northern European countries—such as Sweden, Norway and Denmark—increased in 2015 but then decreased in 2016.