The major benchmarks we track produced positive total returns for the second quarter of 2019.
- The MS World Equity Index increased 4.20%.
- The Balanced Index of 60% MSCI World Equity and 40% BC US Aggregate Bond increased 3.87%.
- The Conservative Index of 40% S&P 500 and 60% BC US Aggregate Bond increased 3.71%.
For the next twelve months, we are projecting that domestic and international equities will produce normalized positive total returns while fixed income will produce nominal to negative total returns. Based on this forecast, we are emphasizing domestic and international equities over fixed income securities. We continue to favor short and intermediate term investment grade bonds over long-term bonds.
You can review our current outlook and policy by going to the Client Info page.