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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
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S&P National Bond Index
|
3.00% |
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S&P California Bond Index
|
2.96% |
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S&P New York Bond Index
|
3.13% |
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S&P National 0-5 Year Municipal Bond Index
|
0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
|---|
| Preferred Stocks |
|---|
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S&P U.S. Preferred Stock Index
|
848.03 |
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S&P U.S. Preferred Stock Index (CAD)
|
636.26 |
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S&P U.S. Preferred Stock Index (TR)
|
1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
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| REITs |
|---|
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
|---|
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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A Guarded Return to Risk Taking: Searching for Alpha, April 200
nvestors hoping for some kind of positive return |
| Investment Advisor - April 1, 2009 - Ben Warwick
With current rates extremely low, the pain of holding cash at zero yield may be enough to convince investors to take a chance with some of the more battered asset classes. Indeed, most of the best performers in the first quarter fared the worst in 2008.
Take the credit markets, for example. Super-safe Treasury securities ended the first three months of the year down, while mortgage bonds and corporate debt managed gains. Municipal bonds and the high yield sector enjoyed larger positive returns.
Equity returns largely followed this same pattern. Large-cap tech stocks fared the best, managing a loss of only 3% during a tough period for the overall market. Growth stocks dramatically outperformed their value-oriented counterparts. Emerging market returns far outpaced those of developed markets, with the BRIC countries enjoying gains.
This mean reversion, which suggests asset flows from Treasuries to other parts of the yield curve and, at quarter’s end, to equities, may be signaling a cautious return to risk taking. This tendency should become more pronounced as the Federal Reserve and Treasury programs aimed at purchasing tainted assets from banks has more time to take effect.
The Monthly Index Report for April 2009
| Index |
Mar-09
|
QTD
|
YTD
|
Description |
| S&P 500 Index* |
8.5%
|
-11.7%
|
-11.7%
|
Large-cap stocks |
| DJIA* |
7.7%
|
-13.3%
|
-13.3%
|
Large-cap stocks |
| Nasdaq Comp.* |
10.9%
|
-3.1%
|
-3.1%
|
Large-cap tech stocks |
| Russell 1000 Growth |
8.9%
|
-4.1%
|
-4.1%
|
Large-cap growth stocks |
| Russell 1000 Value |
8.6%
|
-16.8%
|
-16.8%
|
Large-cap value stocks |
| Russell 2000 Growth |
9.0%
|
-9.7%
|
-9.7%
|
Small-cap growth stocks |
| Russell 2000 Value |
8.9%
|
-19.6%
|
-19.6%
|
Small-cap value stocks |
| EAFE |
6.4%
|
-13.9%
|
-13.9%
|
Europe, Australasia & Far East Index |
| Lehman Aggregate |
1.4%
|
0.1%
|
0.1%
|
U.S. Government Bonds |
| Lehman High Yield |
3.2%
|
6.0%
|
6.0%
|
High Yield Corporate Bonds |
| Calyon Financial Barclay Index** |
-2.5%
|
-2.2%
|
-2.2%
|
Managed Futures |
| 3-mo. Treasury Bill*** |
0.0%
|
0.1%
|
0.1%
|
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|
All returns are estimates as of March 31, 2009. *Return numbers do not include dividends.
** Returns are estimates as of March 30, 2009.
|
Ben Warwick is CIO of Memphis-based Sovereign Wealth Management. He can be reached atben@searchingforalpha.com.
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| Partner Market Place |
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| Stuff to look at |
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S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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