15 Nov
November 15, 2013

Summary

The ghouls and ghosts of the season were hushed by positive returns and healthy economic reports this October despite the U.S. federal government shutdown. The partial government shutdown combined with the debt ceiling limit being reached had the world on watch making for nervous investors. The returns, however, were not reflective of that stress as global equities (MSCI World IMI Index) advanced 3.9% for the month and have gained 19.7% year-to-date. More specifically, the U.S. and developed international equity markets

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17 Oct
October 17, 2013

Summary

Investors got spooked before Halloween this year with the scary headlines of a U.S. government shutdown toward the end of September. However, global stock markets had rallied early in the month and held onto a gain of 5.4% (MSCI World IMI Index). Even better news is that developed markets around the world have provided investors with double-digit positive returns year-to-date. Emerging markets, however, have struggled to keep pace with the developed markets this year. In fixed income, prices benefited from

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14 Aug
August 14, 2013

Summary

July proved that once again the calm comes after the storm. After a downturn in June, equities around the world made strong gains, with the MSCI World Stock Index up 4.9%. Fed Chairman Ben Bernanke was able to stomp most of the rumors surrounding a possible hasty tapering of the quantitative easing policy (QE3) which resulted in minimal changes in interest rates in July and slightly positive bond returns. Emerging market stocks gained 1.0% (MSCI Emerging Markets Index), a stark

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15 Jul
July 15, 2013

 

Summary

June, the last month of the 2nd quarter, experienced uncertain seas as a tidal wave of volatility and speculation about the Fed’s monetary policy led to unsavory returns for nearly all asset classes. World stock markets ran red with a -2.9% return (MSCI All Country World Stock Index). The only safe harbors were Japanese stocks, U.S. telecommunications and utilities stocks, livestock commodities, and T-Bills. Unfortunately diversified portfolios were unable to realize most of these returns as international and emerging markets

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17 Jun
June 17, 2013

Summary

After months of positive returns, May’s activity put investors on edge. World stock markets were slightly in the red with a -0.2% return (MSCI All Country World Stock Index). Looking beyond the aggregate return it was a different story, as portfolios benefited from U.S. stock returns (S&P 500 Index rose 2.3%) but were held back by international returns (MSCI EAFE Index fell -2.4%). Adding to investor concerns were negative returns from bonds and alternative investments. Rising expectations regarding a tapering

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