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by Karl C. Mergenthaler, CFA, William Pometto and Diana Jiang
karl.c.mergenthaler@jpmorgan.com, william.x.pometto@jpmorgan.com, diana.a.jiang@jpmorgan.com
AS OF APRIL 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 |
1.27 |
1.58 |
1.70 |
1.70 |
5.36 |
6.82 |
5.81 |
6.33 |
5.74 |
| M.L. HIGH YIELD INDEX |
1.50 |
3.27 |
5.41 |
5.41 |
13.39 |
27.53 |
11.60 |
9.08 |
8.72 |
| MSCI EMERGING MARKETS FREE GROSS |
3.12 |
8.20 |
5.29 |
5.29 |
21.00 |
38.07 |
2.98 |
10.17 |
16.92 |
| MSCI-Eafe (Net) |
5.98 |
7.02 |
9.54 |
9.54 |
19.18 |
26.58 |
(2.85) |
1.54 |
5.29 |
| RUSS-Russell 1000 Growth (Gross) |
3.35 |
6.86 |
9.58 |
9.58 |
20.87 |
29.22 |
4.55 |
5.06 |
2.11 |
| RUSS-Russell 2000 Value (Gross) |
1.62 |
8.27 |
8.33 |
8.33 |
14.57 |
32.16 |
6.23 |
2.50 |
8.69 |
| RUSS-Russell 3000 (Gross) |
2.98 |
7.21 |
9.55 |
9.55 |
18.35 |
29.14 |
2.75 |
3.33 |
3.63 |
| S&P 500 - CAP. WEIGHTED |
2.96 |
6.53 |
9.06 |
9.06 |
17.22 |
27.57 |
1.73 |
2.95 |
1.28 |
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U.S. EQUITY
- U.S. equities saw an increase of 3.0% in the S&P 500 index for the month of April, as higher-than-estimated profit and economic reports strengthened investors’ confidence.
- The Russell 1000 Growth Index was up 3.4% this month. However, Value stocks lead with respect to the trailing three months.
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FIXED INCOME
- The Barclays Aggregate Index return increased, gaining 1.3% in April. Interest rates remained low and prices increased as continued buying by the Federal Reserve helped support bonds.
- High Yield increased by 1.5%.
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INTERNATIONAL EQUITY
- Stocks from developed markets outside of the U.S. & Canada were the best performer this month as the MSCI EAFE Index posted a 6.0% gain. Dollar weakness materially enhanced gains for U.S. investors in foreign equities.
- Despite the ongoing turmoil in the Middle East and North Africa, the MSCI Emerging Markets Index was up 3.1% in April.
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REAL ESTATE AND OTHER
- The NAREIT index was up 5.1% in April and 13.0% year-to-date.
- U.S. GDP growth grew only 1.8% in the first quarter, down from 3.1% in the fourth quarter of 2010 due to reduction in government spending. The unemployment rate rose slightly to 9%.
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