12
It was a tale of two different equity markets in
November, as U.S. stocks mostly were up as data
showed continued strong consumer confidence,
improvement in most housing data, another solid
labor market report, and some strong earnings
releases from U.S. bellwethers.
Across the globe, stock markets had a tougher go of it.
A battery of economic reports, including a disap-
pointing forecast from the Organisation for Economic
Co-operation and Development for world growth
in general and disappointing gross domestic product
growth in Europe for the third quarter, held back
foreign stocks. However, the market recouped some
losses as investors saw signs of quantitative easing
in Europe.
Energy prices continued their decline amid investor
concerns about rising crude oil inventory levels.
The Brent Crude oil spot price finished November
below
$45
a barrel—a meaningful drop from the
$49
-a-barrel price at the end of the previous month.
The worst-performing U.S. equity sectors were the
telecommunication services sector, which slid
1
.
2%
,
and the utilities sector, which gave up about
1
.
4%
.
Gold-rated
Franklin Utilities
FKUTX
suffered
more, dropping
2
.
4%
during November.
The financials sector was the best-performing
U.S. equity sector, rising
3
.
2%
as investors looked
toward an interest-rate increase. Bronze-rated
Davis Financial
RPFGX
lagged its category slightly
in the month, returning
1
.
7%
.
The U.S. bond market declined in November, with
bond yields for every maturity up meaningfully.
K
Contact Robert at
robert.goldsborough@morningstar.comTotal Return
%
Through
A N N U A L I Z E D
11-30-15
1Mo
YTD
3Yr
5Yr
10Yr
Benchmark Performance
U.S. Stocks Rally
Market Overview
|
Robert Goldsborough
Large Growth
0.6
5.4
16.1
13.3
7.5
Large Blend
0.2
0.8
14.4
12.6
6.7
Large Value
0.0
-1.6
13.2
11.8
5.9
Mid-Cap Growth
1.1
1.9
14.5
11.5
7.5
Mid-Cap Blend
0.6
-1.2
13.7
11.4
6.9
Mid-Cap Value
0.8
-1.5
13.9
11.6
7.1
Small Growth
2.8
2.0
14.7
11.9
7.6
Small Blend
2.3
-0.4
13.4
11.0
6.8
Small Value
2.0
-1.4
12.9
10.6
6.7
Aggressive Allocation
-0.1
-0.7
9.2
8.4
5.1
Conservative Allocation
-0.6
-1.0
3.9
5.1
4.4
Moderate Allocation
-0.2
-0.2
8.0
7.8
5.5
Communications
-1.4
1.9
9.5
8.6
4.6
Financial
2.3
2.6
14.8
11.3
2.4
Global Real Estate
-2.4
-1.2
5.7
7.4
4.2
Health
2.1
7.4
26.2
22.3
12.1
Natural Resources
-2.1 -16.2
-6.1
-4.3
1.0
Equity Precious Metals
-8.3 -23.6 -30.2
-23.2
-3.5
Real Estate
-0.5
1.1
10.9
11.8
6.5
Technology
2.0
7.4
18.5
12.3
8.6
Utilities
-2.8
-9.8
8.0
8.9
6.6
S&P 500
0.4
3.1
16.1
14.3
7.4
S&P MidCap 400
1.4
2.1
15.2
13.0
8.7
Russell 2000
3.3
0.6
14.9
12.0
7.3
Diversified Pacific/Asia
-0.3
1.5
6.7
4.5
4.5
Diversified Emerging Mkts
-2.5 -11.6
-3.3
-2.9
4.1
Europe Stock
-0.7
3.6
8.0
6.9
5.1
Foreign Large Blend
-0.9
0.2
5.5
4.5
3.5
Foreign Large Growth
-0.2
2.7
6.7
5.6
4.6
Foreign Large Value
-1.2
-1.0
5.1
4.2
2.5
Foreign Small/Mid Growth
0.6
6.7
9.4
7.9
6.5
Foreign Small/Mid Value
-1.1
2.7
8.1
5.8
4.7
World Stock
-0.5
0.2
9.8
8.3
5.5
MSCI World
-0.5
0.9
11.0
9.5
5.4
MSCI Emerging Markets
-2.5 -12.8
-4.9
-3.5
3.8
MSCI EAFE
-0.8
1.4
6.4
5.4
3.5
MSCI Europe
-1.8
-0.3
6.4
6.1
4.0
MSCI Latin America
-4.4 -29.6 -18.8
-15.1
-1.1
MSCI Pacific
-1.0
2.0
6.9
4.5
3.0
High Yield Bond
-1.9
-1.8
2.5
5.0
5.9
Inflation-Protected Bond
-0.2
-1.4
-2.7
1.5
3.2
Intermediate-Term Bond
-0.3
0.3
1.4
3.2
4.3
Muni National Long
0.5
2.3
2.1
5.0
4.2
World Bond
-0.9
-3.5
-1.2
1.6
4.0
BarCap US Agg Bond TR USD
-0.4
0.7
1.4
3.0
4.5
BofAML US HY Master II TR
-2.2
-2.1
3.1
5.8
7.2
BarCap Municipal TR USD
0.4
2.6
2.5
4.8
4.7