by Karl C. Mergenthaler, CFA, William Pometto and Eva Wei
karl.c.mergenthaler@jpmorgan.com, william.x.pometto@jpmorgan.com, eva.y.wei@jpmorgan.com
AS OF JANUARY 2011
| Index |
Monthly Return |
Trailing 3 Months |
Year to Date |
Fiscal Year to Date |
1 Year |
2 Year |
3 Year |
5 Year |
10 Year |
| BARCLAYS CAPITAL US AGGREGATE BOND INDEX |
0.12 |
(1.53) |
0.12 |
0.12 |
5.06 |
6.77 |
5.36 |
5.82 |
5.68 |
| M.L. HIGH YIELD INDEX |
2.08 |
2.66 |
2.08 |
2.08 |
15.87 |
32.39 |
11.10 |
8.78 |
8.28 |
| MSCI EMERGING MARKETS FREE GROSS |
(2.69) |
1.51 |
(2.69) |
(2.69) |
22.81 |
48.95 |
3.55 |
10.13 |
14.43 |
| MSCI-Eafe (Net) |
2.36 |
5.32 |
2.36 |
2.36 |
15.38 |
26.95 |
(3.21) |
1.72 |
3.75 |
| RUSS-Russell 1000 Growth (Gross) |
2.54 |
9.45 |
2.54 |
2.54 |
25.14 |
31.34 |
3.12 |
3.91 |
(0.40) |
| RUSS-Russell 2000 Value (Gross) |
0.05 |
11.12 |
0.05 |
0.05 |
28.33 |
32.38 |
3.64 |
1.90 |
8.13 |
| RUSS-Russell 3000 (Gross) |
2.18 |
9.74 |
2.18 |
2.18 |
23.95 |
29.38 |
0.77 |
2.51 |
2.03 |
| S&P 500 - CAP. WEIGHTED |
2.37 |
9.23 |
2.37 |
2.37 |
22.19 |
27.54 |
">(0.05) |
2.24 |
(0.22) |
Click here to view larger image.
U.S. EQUITY
- U.S. equities saw an increase of 2.4% in the S&P 500 index for the month of January, with performance muted by investor concerns regarding inflation and geo-political risks.
- Large Cap growth stocks were the best performer this month, with the Russell 1000 Growth Index posting a 2.5% gain. However, Value stocks lead with respect to the trailing three months.
|
FIXED INCOME
- The Barclays Aggregate Index return was essentially flat, gaining 0.1% in January. Interest rates remain at low levels amid continued concerns about economic growth.
- High Yield increased by 2.1%.
|
INTERNATIONAL EQUITY
- The MSCI EAFE Index was up 2.4% in January. Europe continues to deal with sovereign debt issues, structuring an economic assistance package to Georgia.
- Emerging Markets posted negative returns in January as the MSCI Emerging Markets Index was down 2.7%, affected by continued unrest and political turmoil in the Middle East.
|
REAL ESTATE AND OTHER
- The MSCI U.S. REIT index was up 1.2% in January, while the NAREIT index increased 4.1%.
- U.S. GDP increased by 2.8% in the fourth quarter, within the trend rate of 2.5% to 3%. The unemployment rate, at 9.4%, has abated slightly in the New Year
|
To view the next article, Global Equities (Excluding U.S.), please click here. |
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