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Equities end 2012 on a positive note

Key Points

  • Global equities registered positive gains for the year, though fiscal cliff concerns led U.S. markets to a slight loss in the fourth quarter
  • Within fixed-income, the low-interestrate environment increased the appeal of riskier, high-yield bonds
  • Our portfolio managers continue to focus on high-quality companies positioned to take advantage of changing market dynamics
  • Despite near-term uncertainties, certain growth trends offer opportunities to long-term investors

Quarterly Commentary

Q4 2013

Click here to read the Winter 2014 issue of our Quarterly Insights publication, which contains our annual Investment Roundtable and a number of articles on timely investment and wealth planning topics.