12
Reassuring statements from the Federal Reserve gave
the markets a lift this month. The S&P
500
gained
5
.
09%
by the end of July. Small caps did even better;
the Russell
2000
climbed
7
.
00%
in the period. While
all domestic-stock sectors did well this month, tech-
nology stocks had a particularly impressive climb.
The technology category gained
6
.
35%
for the month.
T. Rowe Price Global Technology
PRGTX
beat
most of its category peers with a
8
.
65%
gain. How-
ever,
Artisan Small Cap Value
ARTVX
had al-
most
25%
in technology stocks and still landed in
the bottom decile of the small-blend category
for the month.
Outside the United States, developed markets outper-
formed emerging markets for July. The
MSCI EAFE
Index outperformed the S&P
500
with a
5
.
28%
gain
for the month, while the
MSCI
Emerging Markets
Index only posted a
1
.
10
/
1
.
04%
return. European
stocks did particularly well this month. The Europe-
stock category gained
6
.
72%
.
Mutual European
TEMIX
slightly lagged its peers with a
6
.
64%
return.
The diversified emerging-markets stock category
gained a more modest
1
.
45%
.
Virtus Emerging Mar-
kets Opportunities
HEMZX
lagged its peers with
a
0
.
42%
gain, largely because of its big stake in Indian
stocks, which had a sluggish July.
Taxable bonds outperformed municipal bonds in light
of Detroit’s bankruptcy filing. Although Detroit’s
problems were well known, it made investors skittish.
The intermediate-term-bond category eked out a
0
.
30%
gain, compared with a
0
.
45%
loss for interme-
diate-term muni bonds.
PIMCO Total Return
PTTRX
posted a relatively impressive
0
.
49%
gain
for the month.
œ
Total Return
%
Through
A N N U A L I Z E D
07-31-13
1Mo YTD 3Yr
5Yr
10Yr
Benchmark Performance
Stocks Surge in July
Market Overview
|
Kailin Liu
Large Growth
5.8 17.4 15.8 6.8 6.5
Large Blend
5.2 19.1 15.8 7.0 6.9
Large Value
5.0 20.6 16.0 7.1 7.1
Mid-Cap Growth
6.3 20.1 16.8 7.7 8.4
Mid-Cap Blend
5.9 21.5 17.0 8.7 9.1
Mid-Cap Value
5.6 22.4 17.2 9.4 9.5
Small Growth
6.7 23.8 18.6 9.0 8.4
Small Blend
6.5 22.8 17.8 9.1 9.3
Small Value
6.5 22.8 17.5 9.9 9.6
Aggressive Allocation
4.2 11.6 11.3 5.5 6.7
Conservative Allocation
1.9 3.5 6.9 5.4 4.9
Moderate Allocation
3.3 9.2 10.2 5.7 6.0
Communications
3.5 12.0 12.4 5.5 8.1
Financials
5.8 22.6 12.6 4.5 3.5
Global Real Estate
1.1 1.3 11.0 3.5 8.8
Health
9.1 32.3 25.2 12.7 9.9
Natural Resources
4.6 -0.7 3.6 -4.6 10.1
Precious Metals
11.8 -39.8 -16.3 -7.0 6.6
Real Estate
0.8 5.5 13.7 6.4 9.5
Technology
6.4 16.9 14.0 8.9 7.7
Utilities
4.3 14.6 14.2 5.0 10.6
S&P 500
5.1 19.6 17.7 8.3 7.6
S&P MidCap 400
6.2 21.7 19.2 10.6 11.0
Russell 2000
7.0 24.0 18.7 9.5 9.6
Diversified Asia/Pac. Stock
1.5 3.8 6.3 2.0 8.9
Diversified Emerg. Mkts.
1.5 -6.5 1.0 -0.3 12.0
Europe Stock
6.7 10.3 8.8 0.9 8.4
Foreign Large Blend
4.9 7.5 7.8 0.6 7.3
Foreign Large Growth
4.7 6.5 8.5 1.7 7.9
Foreign Large Value
5.4 8.7 7.4 0.7 7.3
Foreign Small/Mid Growth
4.9 12.6 11.9 5.2 11.9
Foreign Small/Mid Value
5.1 10.2 9.5 3.4 9.2
World Stock
4.9 12.5 11.2 4.2 7.8
MSCI EAFE
5.3 9.6 8.6 1.1 8.0
MSCI World
5.3 14.1 12.7 4.3 7.6
MSCI Emerging Markets
0.8 -10.2 -1.5 -1.9 10.4
MSCI Europe
7.4 9.7 9.1 0.7 8.1
MSCI Latin America
-1.1 -17.0 -8.2 -6.2 14.2
MSCI Pacific
1.6 9.5 8.0 2.2 8.0
High-Yield Bond
1.9 3.3 9.0 8.9 7.4
Inflation-Protected Bond
0.7 -6.3 3.9 3.7 4.7
Intermediate-Term Bond
0.3 -2.0 3.8 5.5 4.4
Muni National Long
-1.4 -5.0 3.7 4.6 4.0
World Bond
0.9 -3.9 3.1 4.4 5.1
BarCap US Agg Bond TR USD 0.1 -2.3 3.2 5.2 4.9
BofAML US HY Master II TR 1.9 3.4 9.9 11.4 9.1
BarCap Municipal TR USD -0.9 -3.5 3.7 5.1 4.7
