Overall, markets calmed down somewhat in the third quarter, after a tumultuous and volatile first half of the year. The EAFE International Index improved by 6.5% in the third quarter to finally climb into the green, up by 2.2% year-to-date. The Pendo International Strategy gained 5.6% for the quarter, and 11.5% YTD. 

One of our favorite long-term opportunities remains India, which in many ways resembles the China of 30 years ago.