398 / 708
12
Stocks reached new highs in August. The S
&
P
500
rose
0
.
1%
and the Russell
2000
Index rose
1
.
8%
.
U.S. employers added an average of
273
,
000
jobs
during June and July, increasing the odds that
the Federal Reserve will raise short-term interest rates
at its September policy meeting.
The financials and technology sectors bounced back
from losses in July, posting gains of
3
.
3%
and
2
.
2%
,
respectively. Financials were led by mortgage insurer
MGIC Investment Corp
MTG
and banks
Popular
BPOP
and
Hancock Holding
HBHC
—all rose double-
digits. In tech, data storage firm
NetApp
NTAP
and
cybersecurity firm
Symantec
SYMC
rose more than
18%
.
AllianzGI Technology
DRGTX
, with a Morningstar
Analyst Rating of Bronze, rose
2%
. Brent crude oil prices
also bounced back in August after a tough July,
rising
10
.
8%
. This helped the energy sector gain approx-
imately
2%
.
Williams Companies
WMB
and
Marathon Oil
MRO
rose more than
10%
.
Fidelity
Select Energy
FSENX
rose
5%
.
Despite being strong performers this year, the dividend-
heavy telecom, utilities, and real estate sectors fell
more than
3%
in August. Within the real estate invest-
ment trust space, private prison operators
Correc-
tions Corp of America
CXW
and
The GEO Group
GEO
plunged more than
40%
after the U.S. Department of
Justice announced it will end its use of private prisons.
In the telecom space,
Fairpoint Communications
FRP
and
Frontier Communications
FTR
fell double-digits.
Developed international markets ended August
essentially flat: The
MSCI
EAFE
Index rose
0
.
07%
. Irish
stocks led the way with a
5%
gain, while Dutch and
Austrian stocks both rose
2%
. On the flip side, Danish
and Israeli stocks fell
6%
and
2%
, respectively.
Emerging-markets stocks rose
2
.
5%
in August, led by
Colombia’s
10%
gain and China’s
7%
gain.
K
Total Return
%
Through
A N N U A L I Z E D
08-31-16
1Mo
YTD
3Yr
5Yr
10Yr
Benchmark Performance
Stocks Tick Higher
Market Overview
|
Andrew Daniels
Large Growth
-0.1
2.9
10.9
12.9
7.7
Large Blend
0.2
6.1
10.0
12.9
6.6
Large Value
0.6
8.1
8.8
12.3
5.6
Mid-Cap Growth
0.1
4.7
8.1
11.4
7.5
Mid-Cap Blend
0.6
7.8
8.3
11.9
7.0
Mid-Cap Value
0.9
10.0
8.7
12.4
7.0
Small Growth
1.3
6.2
6.9
11.6
7.6
Small Blend
1.2
9.4
7.4
11.7
6.7
Small Value
1.8
11.7
7.4
11.8
6.5
Allocation—70% to 85% Equity 0.2
6.2
6.7
8.4
4.9
Allocation—30% to 50% Equity 0.2
6.5
4.8
5.7
4.6
Allocation—50% to 70% Equity 0.2
6.1
6.3
7.9
5.3
Communications
-1.9
9.3
8.3
9.4
5.1
Financial
4.2
2.7
7.0
11.9
1.9
Global Real Estate
-2.0
8.9
8.6
8.5
2.7
Health
-3.4
-6.8
13.6
18.5
11.1
Natural Resources
0.3
17.4
-4.3
-2.6
0.3
Equity Precious Metals
-14.1
84.4
-0.1
-14.1
-1.0
Real Estate
-3.0
11.4
14.7
12.4
5.8
Technology
2.3
7.7
14.3
13.9
9.3
Utilities
-4.7
13.7
8.8
9.6
6.4
S&P 500
0.1
7.8
12.3
14.6
7.5
S&P MidCap 400
0.5
13.1
11.5
14.1
9.3
Russell 2000
1.8
10.4
8.6
12.9
7.1
Diversified Pacific/Asia
0.1
6.3
6.0
5.7
3.7
Diversified Emerging Mkts
1.6
12.5
1.3
-0.1
3.4
Europe Stock
0.4
-1.8
2.1
5.9
2.5
Foreign Large Blend
0.5
1.6
2.3
4.3
1.6
Foreign Large Growth
0.1
2.0
3.7
5.5
3.0
Foreign Large Value
0.8
1.7
1.2
3.7
0.6
Foreign Small/Mid Growth
-0.5
1.0
5.5
7.3
4.9
Foreign Small/Mid Value
0.2
3.9
4.0
5.5
3.0
World Stock
0.3
4.9
6.3
8.3
4.6
MSCI World
0.1
5.0
7.4
9.5
4.5
MSCI Emerging Markets
0.9
14.4
0.7
-1.1
3.2
MSCI EAFE
0.5
1.4
2.5
4.9
1.6
MSCI Europe
0.3
-0.9
1.5
4.8
1.5
MSCI Latin America
0.4
31.3
-7.6
-9.9
-0.2
MSCI Pacific
-0.2
3.2
4.2
5.4
2.2
High Yield Bond
1.8
10.8
3.9
6.2
6.2
Inflation-Protected Bond
-0.3
5.6
1.5
0.9
3.4
Intermediate-Term Bond
0.1
5.9
4.0
3.4
4.6
Muni National Long
0.2
4.7
7.0
5.3
4.3
World Bond
0.1
8.0
2.6
1.8
4.4
BarCap US Agg Bond TR USD
-0.2
5.7
4.4
3.1
4.7
BofAML US HY Master II TR
2.2
14.6
5.4
7.3
7.7
BarCap Municipal TR USD
0.1
4.5
6.5
4.8
4.9