The Two Faces of Global Capital
A mere tabulation, you say? Numbers divorced from the anxieties they represent? Observe, however, the subtle confession within these figures. IEMG, the younger, more desperate suitor, flaunts a recent return, a feverish bloom. IEFA, the elder statesman, offers the steadier comfort of yield, a modest, predictable income. Both, of course, demand a small tribute—the expense ratio—a recognition of the parasitic relationship inherent in all financial dealings.








