12
The U.S. stock market made gains in March amid
encouraging labor data and accommodating state-
ments from the Federal Reserve. The S
&
P
500
gained
3
.
75%
for the month, while the Russell
2000
Index
fared even better, with a
4
.
62%
rise.
Most domestic-stock sectors had positive performance
this month, and health-care and consumer stocks
were the best-performing sectors.
Fidelity Select
Health Care
FSPHX
and
Vanguard Health Care
VGHCX
posted
6
.
51%
and
6
.
12%
returns this month,
a little higher than the category average.
T. Rowe
Price Health Sciences
PRHSX
underperformed its
peers, with a
5
.
37%
return. Nonetheless, concentra-
tion in these three sectors did not guarantee outper-
formance for March. Funds like
Janus Contrarian
JSVAX
,
Vanguard Capital Value
VCVLX
, and
Weitz
Value
WVALX
had average to low allocations to
health-care, consumer cyclical, and consumer defen-
sive stocks and still beat out their category peers.
U.S. stocks had a decent month, but foreign stocks did
not do nearly as well. The Cyprus bailout mess
depressed international stock indexes. The
MSCI EAFE
Index eked out a
0
.
88%
gain for the month, while the
MSCI
Emerging Markets Index lost
1
.
70%
. Emerging
markets were hurt by the downturn in the Chinese
and Latin American markets: The
MSCI
China Index
dropped
4
.
57%
, and the
MSCI
EM
Latin America
Index dropped midmonth and rebounded by month-
end. The Japanese stock market continued to do
well after a solid February.
Taxable bonds outperformed municipal bonds this
month. The intermediate-term bond category gained
0
.
16%
, compared with a
0
.
37%
loss for the muni
national intermediate category.
PIMCO Total Return
PTTRX
gained
0
.
33%
. The muni long government
was the worst-performing bond category this month
with a
0
.
63%
loss.
œ
Total Return
%
Through
A N N U A L I Z E D
03-31-13
1Mo YTD 3Yr
5Yr
10Yr
Benchmark Performance
Cyprus Bailout Fails to Spook
U.S. Investors
Market Overview
|
Kailin Liu
Large Growth
3.2 8.8 10.5 5.0 7.4
Large Blend
3.7 10.4 10.8 4.7 7.7
Large Value
3.9 11.2 10.8 4.3 8.0
Mid-Cap Growth
3.5 10.7 12.2 6.1 9.7
Mid-Cap Blend
4.3 12.3 12.4 7.1 10.4
Mid-Cap Value
4.4 12.9 12.5 7.3 10.6
Small Growth
4.6 12.1 13.1 7.4 10.1
Small Blend
4.6 12.4 12.9 7.6 11.0
Small Value
4.2 12.3 12.7 8.1 11.3
Aggressive Allocation
2.5 6.8 8.5 4.1 7.6
Conservative Allocation
1.2 3.3 7.0 4.9 5.5
Moderate Allocation
2.1 5.7 8.2 4.5 6.8
Communications
3.1 5.9 11.1 4.3 9.9
Financials
3.0 10.9 6.5 0.4 4.7
Global Real Estate
1.8 4.9 12.3 2.1 11.1
Health
6.5 16.1 15.6 11.6 10.7
Natural Resources
1.0 2.5 2.3 -3.3 11.4
Precious Metals
0.2 -17.3 -4.8 -2.8 12.2
Real Estate
2.8 6.8 16.0 5.6 11.4
Technology
2.4 6.8 9.1 7.2 9.7
Utilities
5.0 11.4 13.6 4.3 11.6
S&P 500
3.8 10.6 12.7 5.8 8.5
S&P MidCap 400
4.8 13.5 15.1 9.9 12.5
Russell 2000
4.6 12.4 13.5 8.2 11.5
Diversified Asia/Pac. Stock
1.5 5.5 5.2 1.1 11.1
Diversified Emerg. Mkts.
-1.0 -0.3 3.0 -0.1 15.6
Europe Stock
0.2 2.6 4.5 -2.0 9.9
Foreign Large Blend
0.9 3.7 4.8 -1.2 9.0
Foreign Large Growth
1.1 3.7 6.0 0.0 9.7
Foreign Large Value
1.0 3.3 3.7 -1.6 9.1
Foreign Small/Mid Growth
3.1 7.6 9.8 2.7 14.1
Foreign Small/Mid Value
1.4 6.6 7.4 1.0 11.4
World Stock
2.2 6.9 7.7 2.1 9.4
MSCI EAFE
0.8 5.1 5.0 -0.9 9.7
MSCI World
2.3 7.7 8.5 2.2 8.9
MSCI Emerging Markets
-1.9 -1.9 0.8 -1.3 14.3
MSCI Europe
-0.2 2.7 4.8 -2.1 9.7
MSCI Latin America
-0.2 0.5 -2.9 -2.4 19.3
MSCI Pacific
2.7 9.7 5.7 1.9 9.6
High-Yield Bond
1.0 2.8 9.9 8.8 8.1
Inflation-Protected Bond
0.0 0.0 0.0 0.0 0.0
Intermediate-Term Bond
0.2 -0.3 7.3 4.7 5.2
Muni National Long
-0.6 0.3 6.6 5.9 4.4
World Bond
0.0 -1.1 5.2 4.4 5.6
BarCap US Agg Bond TR USD 0.1 -0.1 5.5 5.5 5.0
BofAML US HY Master II TR 1.0 2.9 10.9 11.3 9.9
BarCap Municipal TR USD -0.4 0.3 6.2 6.1 5.0
