The major benchmarks we track produced positive total returns for the first quarter of 2023.

• The MS World Equity Index increased 7.88%.
• The Balanced Index of 60% MSCI World Equity and 40% BC US Aggregate Bond increased 5.90%.
• The Conservative Index of 40% S&P 500 and 60% BC US Aggregate Bond increased 4.77%.

For the next twelve months, we’re projecting that equities will produce positive normalized total returns.  We’ll be prioritizing domestic and developed-market international stocks over short-term fixed income securities. Now that bonds have a coupon yield, we believe that fixed income total returns will be positive,and we will be favoring intermediate term investment grade bonds.

 

You can review our current outlook and policy by going to the Client Info page.