12
U.S. and international stocks posted disappointing
results in July, while most of the world’s bonds were
pretty flat.
In the United States, large-cap stocks had suffered
moderate losses generally, and there was little varia-
tion across the style spectrum. The S
&
P
500
Index
slipped
1
.
4%
in July, whereas the typical large-value
fund lost
1
.
8%
and the average large-growth fund
dropped
1
.
5%
. Mid-cap equities posted somewhat
bigger losses, and small-cap stocks suffered even
larger declines overall. The S
&
P Mid Cap
400
Index
slipped
2
.
0%
, for example, while the three small-cap
domestic categories dropped between
5
.
2%
and
5
.
7%
As is often the case, overseas stocks had even more
mixed results. Chinese equities thrived in July, thanks
to positive macroeconomic and other developments,
but many other emerging-markets stocks did not
perform as well. The typical China region fund gained
3
.
2%
, while the average Latin America fund was flat
and the
MSCI
Emerging Markets Index returned
1
.
9%
.
Most Japanese stocks suffered small losses, and
most European stocks suffered more-sizable losses
caused by economic and political concerns. As a
result, the
MSCI
EAFE
Index declined
2%
.
On the sector side, global real estate funds eked
out a small gain in July, whereas utilities, energy, and
industrials offerings all lost around
5%
. And the
majority of bond funds posted very limited gains last
month. Long-government funds, which returned
0
.
5%
last month, once again fared best and have
gained
13
.
2%
for the year to date.
œ
Contact William Rocco at
Total Return
%
Through
A N N U A L I Z E D
07-31-14
1Mo YTD 3Yr
5Yr
10Yr
Benchmark Performance
U.S. Stocks Fall in July
Market Overview
|
William Rocco
Large Growth
-1.5 3.1 14.4 15.6 8.2
Large Blend
-1.7 4.6 15.1 15.4 7.5
Large Value
-1.8 5.0 15.4 15.1 7.3
Mid-Cap Growth
-3.5 0.4 12.6 16.4 9.2
Mid-Cap Blend
-3.5 2.7 14.1 16.9 8.9
Mid-Cap Value
-3.3 4.3 15.5 17.4 9.0
Small Growth
-5.7 -4.9 12.0 16.8 9.0
Small Blend
-5.5 -1.9 13.3 16.5 8.7
Small Value
-5.2 -0.7 13.7 16.4 8.7
Aggressive Allocation
-1.9 3.8 10.4 12.2 6.8
Conservative Allocation
-1.1 3.7 6.1 8.2 5.4
Moderate Allocation
-1.5 3.9 9.5 11.0 6.5
Communications
-1.0 1.6 11.1 12.9 7.3
Financial
-2.1 0.9 14.2 11.8 3.5
Global Real Estate
0.4 10.9 8.7 13.2 7.5
Health
-1.1 10.2 23.8 20.5 12.0
Natural Resources
-3.5 7.4 1.0 9.2 9.9
Equity Precious Metals
-2.3 24.4 -21.1 -4.7 5.8
Real Estate
-0.1 16.4 10.4 20.2 8.8
Technology
-1.7 5.3 13.4 15.7 9.6
Utilities
-5.4 10.1 12.8 13.2 10.1
S&P 500
-1.4 5.6 16.7 16.7 7.9
S&P MidCap 400
-4.3 2.9 15.0 18.6 10.6
Russell 2000
-6.1 -3.0 13.6 16.6 8.8
Diversified Pacific/Asia
1.2 4.8 5.8 8.6 7.9
Diversified Emerging Mkts
0.4 6.3 0.3 7.0 11.3
Europe Stock
-4.4 -1.2 8.4 10.8 8.5
Foreign Large Blend
-2.4 1.3 6.4 8.7 6.9
Foreign Large Growth
-2.7 0.4 6.4 9.7 7.3
Foreign Large Value
-2.5 2.4 6.8 8.5 6.4
Foreign Small/Mid Growth
-2.8 1.4 9.1 14.4 10.3
Foreign Small/Mid Value
-3.0 2.9 7.7 11.5 8.4
World Stock
-2.3 3.2 10.4 12.4 7.9
MSCI EAFE
-2.0 2.7 8.0 9.4 7.1
MSCI World
-1.6 4.5 11.9 12.8 7.4
MSCI Emerging Markets
1.9 8.2 0.4 7.3 12.4
MSCI Europe
-3.8 1.5 8.5 10.0 7.4
MSCI Latin America
1.0 8.3 -4.7 3.9 15.2
MSCI Pacific
1.8 4.9 7.0 8.6 6.4
High Yield Bond
-1.2 3.5 7.5 11.0 7.3
Inflation-Protected Bond
-0.1 4.8 1.5 4.8 4.6
Intermediate-Term Bond
-0.3 3.8 3.5 5.4 4.6
Muni National Long
0.1 7.0 5.3 5.7 4.2
World Bond
-0.5 4.4 2.6 5.1 5.2
BarCap US Agg Bond TR USD -0.3 3.5 2.9 4.2 4.6
BofAML US HY Master II TR -1.3 4.2 8.4 12.3 8.6
BarCap Municipal TR USD
0.2 6.2 5.1 5.5 4.9
