12
The U.S. stock market continued to set records in Nov-
ember, with the S
&
P
500
reaching
1
,
800
and the
Dow Jones Industrial Average surpassing
16
,
000
. A
positive report on jobs growth and signs that the
Federal Reserve tapering is a ways away were among
the forces buoying the market. The S
&
P
500
Index
rose
3
.
1%
and the Russell
2000
Index gained
4
.
0%
during November.
Health-care stocks led the way in November.
Fidelity
Select Health Care
FSPHX
returned
5
.
6%
during
the period.
Vanguard Health Care
VGHCX
gained
3
.
7%
during November, driven by solid returns from
drug manufacturers
Merck & Co.
MRK
and
Forest
Laboratories
FRX
.
Developed and emerging markets struggled in
November. The
MSCI
EAFE
Index eked out a
0
.
8%
gain by month-end, while the
MSCI
Emerging
Markets Index lost
1
.
5%
. The Latin America region
was hit hardest.
T. Rowe Price Latin America
PRLAX
lost
4
.
7%
during the month. China-region
funds were among the best-performing foreign
offerings with
Matthews China
MCHFX
gaining
4
.
0%
in November.
High-yield bonds gained
0
.
4%
in November, led by
Third Avenue Focus Credit
’s
TFCIX
2
.
1%
return.
Intermediate-term municipal bonds outperformed
intermediate-term taxable bonds on a relative basis
during the month, though both suffered absolute
losses.
PIMCO Total Return
PTTRX
outpaced most
peers simply by not losing money during the month.
œ
Contact Flynn Murphy at
Total Return
%
Through
A N N U A L I Z E D
11-30-13
1Mo YTD 3Yr
5Yr
10Yr
Benchmark Performance
Stocks Continue Rally
Market Overview
|
Flynn Murphy
Large Growth
3.0 30.0 15.5 18.4 6.8
Large Blend
2.9 28.2 15.6 16.8 6.9
Large Value
2.8 28.3 16.1 16.1 6.9
Mid-Cap Growth
2.1 30.7 14.8 20.6 8.1
Mid-Cap Blend
2.4 30.7 15.8 20.7 8.7
Mid-Cap Value
2.3 31.5 16.4 20.3 9.1
Small Growth
3.3 37.4 17.2 22.0 7.9
Small Blend
3.7 34.8 17.1 21.1 8.7
Small Value
3.6 33.3 17.0 20.5 9.1
Aggressive Allocation
1.5 18.8 11.1 14.7 6.5
Conservative Allocation
0.4 6.4 6.5 10.1 4.8
Moderate Allocation
1.3 14.6 9.9 12.8 5.9
Communications
0.0 21.2 12.3 18.6 7.6
Financials
3.6 32.2 15.3 14.6 3.4
Global Real Estate
-2.7 2.6 8.7 15.8 7.7
Health
5.2 46.0 26.3 22.0 10.8
Natural Resources
-1.6 5.6 1.1 9.8 9.5
Precious Metals
-11.0 -47.4 -26.2 0.7 1.1
Real Estate
-4.5 1.1 10.0 19.8 7.9
Technology
2.8 29.4 12.6 22.1 7.0
Utilities
-1.5 15.8 12.6 12.0 9.9
S&P 500
3.1 29.1 17.7 17.6 7.7
S&P MidCap 400
1.3 29.5 16.9 22.3 10.2
Russell 2000
4.0 36.1 17.9 21.0 9.1
Diversified Asia/Pac. Stock
-0.1 11.8 5.6 14.1 8.1
Diversified Emerg. Mkts.
-1.1 -0.2 0.2 15.9 10.8
Europe Stock
1.4 21.6 10.5 15.5 8.0
Foreign Large Blend
0.9 17.2 8.7 13.0 7.0
Foreign Large Growth
0.9 15.6 8.6 15.2 7.5
Foreign Large Value
0.7 19.1 9.2 12.6 7.0
Foreign Small/Mid Growth
0.8 23.7 11.6 20.0 10.8
Foreign Small/Mid Value
0.5 22.5 10.4 18.0 8.6
World Stock
1.6 22.1 11.5 15.7 7.5
MSCI EAFE
0.8 21.0 10.5 13.4 7.6
MSCI World
1.8 24.1 13.4 15.3 7.4
MSCI Emerging Markets
-1.6 -3.5 -1.8 14.1 9.4
MSCI Europe
1.2 22.5 12.1 14.0 7.9
MSCI Latin America
-4.7 -13.3 -8.9 10.2 12.7
MSCI Pacific
-0.1 18.2 7.9 12.6 7.0
High-Yield Bond
0.4 6.3 8.5 16.8 7.0
Inflation-Protected Bond
-1.0 -6.8 2.7 6.4 4.1
Intermediate-Term Bond
-0.2 -0.9 3.6 7.2 4.2
Muni National Long
-0.3 -4.2 4.1 6.5 3.6
World Bond
-0.7 -2.9 3.0 6.8 4.7
BarCap US Agg Bond TR USD -0.4 -1.5 3.1 5.3 4.7
BofAML US HY Master II TR 0.4 6.8 9.5 20.3 8.7
BarCap Municipal TR USD -0.2 -2.3 4.2 6.3 4.4
