Attached are the monthly index returns for December 2018. December was a particularly difficult month for equities with all indexes we follow earning negative returns. However, with the exception of high yield, all fixed income returns were positive for the month. Year-end was a similar story with all equity returns having negative returns; US beat international, growth beat value and large cap beat small cap.
Please note we added two new benchmarks this month. The new benchmarks are blended benchmarks, one is US-only and the other is a global blend (which is closer to what we would expect most of your client portfolios to look like).
We hope you find this valuable! And remember, if you're an XYIS advisor feel free to ask for your own white-labeled version of this PDF!