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by Karl C. Mergenthaler, CFA, William Pometto and Helen Zhang
J.P. Morgan Investment Analytics & Consulting
karl.c.mergenthaler@jpmorgan.com, william.x.pometto@jpmorgan.com, helen.x.zhang@jpmorgan.com
AS OF APRIL 2010
| Index |
Monthly Return |
Trailing 3 Months |
Year to Date |
Fiscal YTD |
1 Year |
2 Year |
3 Year |
5 Year |
10 Year |
BARCLAYS CAPITAL US AGGREGATE BOND INDEX
|
1.04 |
1.29 |
2.84 |
2.84 |
8.3 |
6.04 |
6.32 |
5.38 |
6.43 |
M.L. HIGH YIELD INDEX
|
2.18 |
5.52 |
7.13 |
7.13 |
43.43 |
10.72 |
6.69 |
8.24 |
7.67 |
MSCI EMERGING MARKETS FREE GROSS
|
1.23 |
9.82 |
3.72 |
3.72 |
57.55 |
(5.00) |
4.3 |
16.92 |
11.35 |
MSCI-Eafe (Net)
|
(1.81) |
3.6 |
(0.96) |
(.0.96) |
34.43 |
(12.28) |
(8.91) |
3.86 |
1.64 |
RUSS-Russell 1000 Growth (Gross)
|
1.12 |
10.64 |
5.81 |
5.81 |
38.16 |
(2.76) |
(1.93) |
4.05 |
(3.63) |
RUSS-Russell 2000 Value (Gross)
|
7.00 |
21.27 |
17.72 |
17.72 |
52.44 |
2.28 |
(3.89) |
5.26 |
9.57 |
RUSS-Russell 3000 (Gross)
|
2.16 |
12.28 |
8.23 |
8.23 |
40.9 |
(4.26) |
(4.56) |
3.28 |
0.50 |
S&P 500 - CAP. WEIGHTED
|
1.58 |
11.05 |
7.05 |
7.05 |
38.84 |
(5.23) |
(5.05) |
2.64 |
(1.69) |
U.S. EQUITY
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U.S. equities saw gains as the S&P4 500 Index increased 1.6% due to strong earnings and increased consumer spending. These gains occurred despite concerns over heightened financial market regulation and the Gulf of Mexico oil spill.
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Small Cap Value Stocks were the strongest performer as the Russell 2000 Value Index posted a 7.0% return in April, boosting the year-to-date return to 17.7%.
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FIXED INCOME
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The Barclays Aggregate Index gained a steady 1.04% for the month and is up 2.8% year-to-date, affected by lower interest rates that boosted treasuries.
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High Yield gains remain low this year relative to the solid gains in 2009, as the M.L. High Yield Index posted only a 2.18% increase in April.
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INTERNATIONAL EQUITY
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The MSCI EAFE was down 1.8% in April, caused largely by continued concern over European sovereign debt. Greece, Portugal, and Spain were downgraded as credit woes intensified.
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Emerging markets saw gains as the MSCI Emerging Market Free Gross Index was up 1.2% in April.
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REAL ESTATE AND OTHER
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The NAREIT Index was up 6.9% in April and 17.7% year-to-date.
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U.S. GDP grew at 3.0% in the first quarter, while unemployment was 9.9% in April.
- The VIX Index increased 25.36%, indicating investors continue to be shaken by uncertainties with future offshore drilling, concerns over Greece, and potential slowdown of the Chinese economy.
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