Quarterly Investment Update – 3rd Quarter 2013

more+
less-
more+
less-
Explore:  Investors

Stock Market Commentary -

Market valuations expanded in the third quarter, largely due to the Fed delaying the tapering of its bond purchase program. Among domestic equities, the S&P 500 rose 5.2%, outpaced by smaller stocks as the Russell 2000 gained 10.2%. Large growth overtook large value by a significant margin in the third quarter and small growth stocks continued to outperform small cap value. Defensive sectors trailed Cyclicals once again, and the best performing sectors were Materials and Industrials, up 10.1% and 9.1%, respectively.

As conditions stabilized across Europe, concerns abated and the MSCI Developed (EAFE) index jumped by 11.7%. Emerging markets, which had plummeted after the Fed's tapering announcement in the second quarter, sprang sharply upward in September generating a return of 5.8% for the quarter. The real estate sector continued to lose steam in the rising rate environment and the DJ Wilshire REIT Index fell 3.1%.

Please see full Update below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Perkins Coie | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×