Secure session not cleaning...
- 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