The major benchmarks we track produced positive total returns for the first quarter of 2021.
- The MS World Equity Index increased 5.04%.
- The Balanced Index of 60% MSCI World Equity and 40% BC US Aggregate Bond increased 1.64%.
- The Conservative Index of 40% S&P 500 and 60% BC US Aggregate Bond increased 0.40%.
For the next twelve months, we’re projecting that equities will produce nominal positive total returns. We believe that fixed income total returns will be nominal andwill continue to favor intermediate term investment grade bonds. Based on these forecasts, we are emphasizing domestic and international equities over fixed income securities.
You can review our current outlook and policy by going to the Client Info page.