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Investment Commentaries

Q1 2021 Investment Commentary

In the US during the first quarter of 2021, the storylines impacting the economy and markets included another round of massive economic stimulus, a sharp rise in the yield of the 10-year treasury bond, the continuation of value outperforming growth, and a rapidly expanding rollout of COVID-19 vaccines.

Q3 2020 Investment Commentary

Equity and credit markets posted positive returns in the third quarter with the MSCI AC World Index and the Barclays US Aggregate Bond Index returning 8.13% and 0.62% respectively. The Global Wealth Strategy portfolio modestly participated in the move higher in global financial markets with a net return of 1.02% for the third...

Q2 2020 Investment Commentary

Global financial markets rebounded in the second quarter with the MSCI AC World Index returning 19.22% for the quarter while the Barclays US Aggregate Bond Index produced a return of 2.90% The Global Wealth Strategy portfolio participated in the markets move higher with a return of 6.09% for the second quarter which is...

Q1 2020 Investment Commentary

The unprecedented decision to shut down the global economy to help stop the spread of the COVID-19 virus brought the longest bull market in US history to an abrupt halt. The first quarter of 2020 was the worst quarterly loss for global equities since the fourth quarter of 2008 during the financial crisis.

Q1 2019 Investment Commentary

During the first quarter of 2019, the Global Wealth Strategy portfolio produced a net return of 7.68%. We believe combination of an oversold market and changes in the U.S. Federal Reserve’s (Fed) outlook on interest rates helped all asset segments in the portfolio gain more than 5% for the quarter.