Market Commentary

Market Commentary

The major benchmarks we track produced positive total returns for the year-to-date of 2017.

  • The MS World Equity Index increased 11.02%.
  • The Balanced index of 60% MSCI World Equity and 40% BC US Aggregate Bond produced an increase of 7.45%.
  • The Conservative index of 40% S&P 500 and 60% BC US Aggregate Bond increased 5.06%.

Domestic and International equities generated positive total returns and tangibly outperformed the total returns of the fixed income markets during the first six months of 2017.

For the next twelve months we are projecting that equities will produce normalized positive annual total returns and fixed income returns will be nominal or negative.

We continue to favor equities over fixed income securities, with our fixed income policy emphasizing short to intermediate term investment grade bonds.