12
In December, the U.S. stock market slowed, but it
made gains even as the Federal Reserve Bank
announced it would taper its asset purchase program
to $
75
billion from $
85
billion per month. Large-cap
stocks outpaced small caps as the S
&
P
500
Index
gained
2
.
5%
and the Russell
2000
Index gained
2%
during the month.
Technology and communications stocks fared particu-
larly well in December.
T. Rowe Price Science &
Technology
PRSCX
returned
6
.
2%
during the month,
powered by solid results from software and semi-
conductor firms.
Fidelity Select Technology
FSPTX
notched a
5
.
5%
gain, driven by Internet content
and information firms such as
Facebook
FB
, which
rose
16
.
3%
during the month.
Developed international stocks rallied in December,
as the
MSCI
EAFE
Index returned
1
.
5%
. Europe-stock
funds fared slightly better than the broad interna-
tional universe.
Vanguard European Stock Index
VEUSX
posted a
2
.
6%
gain, with top-
10
holdings
Vodafone Group
VOD
and
Royal Dutch Shell
RDS
.A
each returning more than
6%
or more.
Emerging markets faltered, though. The
MSCI
Emerg-
ing Markets Index fell
2
.
0%
, with Latin America
and China-region stocks suffering the worst losses.
For example,
Matthews China
MCHFX
declined
by
1
.
6%
during the month.
Intermediate-term municipal and taxable-bond funds
both lost money in December as rates rose slightly.
Vanguard Intermediate-Term Tax-Exempt
VWITX
declined by
0
.
2%
while
PIMCO Total Return
PTTRX
fell
1
.
9%
.
œ
Contact Flynn Murphy at
Total Return
%
Through
A N N U A L I Z E D
12-31-13
1Mo YTD 3Yr
5Yr
10Yr
Benchmark Performance
Booyah! 2013 Rocked
Market Overview
|
Flynn Murphy
Large Growth
3.0 33.9 14.6 18.6 6.8
Large Blend
2.4 31.3 14.1 16.8 6.7
Large Value
2.2 31.2 14.2 16.0 6.5
Mid-Cap Growth
3.1 34.8 13.8 20.6 8.3
Mid-Cap Blend
2.8 34.4 14.3 20.3 8.6
Mid-Cap Value
2.6 34.9 14.8 19.8 8.8
Small Growth
2.5 40.8 15.4 21.4 8.1
Small Blend
2.0 37.6 14.9 20.3 8.7
Small Value
2.2 36.2 14.8 19.8 8.9
Aggressive Allocation
1.7 20.9 9.8 14.2 6.3
Conservative Allocation
0.7 7.1 6.0 9.5 4.6
Moderate Allocation
1.3 16.1 9.0 12.4 5.7
Communications
3.5 25.5 11.3 18.7 7.4
Financials
2.1 34.9 12.6 14.8 3.2
Global Real Estate
0.1 2.7 6.5 14.1 7.3
Health
1.9 48.8 24.8 20.8 10.5
Natural Resources
2.2 8.0 -1.1 10.6 8.7
Precious Metals
-2.9 -48.9 -28.1 -4.2 0.9
Real Estate
0.5 1.6 8.6 16.5 7.6
Technology
4.9 35.8 12.4 22.4 7.5
Utilities
1.9 18.0 11.8 12.4 9.5
S&P 500
2.5 32.4 16.2 17.9 7.4
S&P MidCap 400
3.1 33.5 15.6 21.9 10.4
Russell 2000
2.0 38.8 15.7 20.1 9.1
Diversified Asia/Pac. Stock
0.1 11.9 3.3 12.0 7.4
Diversified Emerg. Mkts.
-0.5 -0.7 -1.9 14.2 9.9
Europe Stock
2.8 25.0 8.5 15.3 7.6
Foreign Large Blend
1.8 19.3 6.7 11.9 6.4
Foreign Large Growth
2.0 17.9 6.8 14.1 7.1
Foreign Large Value
1.6 21.0 7.1 11.4 6.4
Foreign Small/Mid Growth
2.4 26.7 9.4 18.9 10.4
Foreign Small/Mid Value
2.2 25.2 7.9 16.8 8.3
World Stock
2.1 24.7 9.9 15.1 7.2
MSCI EAFE
1.5 22.8 8.2 12.4 6.9
MSCI World
2.1 26.7 11.5 15.0 7.0
MSCI Emerging Markets
-1.5 -5.0 -4.5 12.1 8.5
MSCI Europe
2.2 25.2 9.9 13.4 7.3
MSCI Latin America
-2.8 -15.7 -11.5 9.0 11.3
MSCI Pacific
0.0 18.3 5.3 10.9 6.3
High-Yield Bond
0.5 6.9 8.0 15.9 6.8
Inflation-Protected Bond
-1.2 -7.9 2.7 5.0 3.9
Intermediate-Term Bond
-0.4 -1.4 3.7 6.4 4.1
Muni National Long
-0.4 -4.6 4.8 6.5 3.5
World Bond
0.0 -2.9 2.6 5.6 4.4
BarCap US Agg Bond TR USD -0.6 -2.0 3.3 4.4 4.6
BofAML US HY Master II TR 0.6 7.4 9.0 18.7 8.5
BarCap Municipal TR USD -0.3 -2.6 4.8 5.9 4.3
