Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
The Markets May 23, 2011
Small Cap Dominates Institutional Product Performance
Investment Metrics’ (IM) analysis of approximately 6,200
institutional separate account composites and commingled fund products
finds the U.S. Small Cap category topped the performance chart in Q1
2011.
Reported by Rebecca Moore
Small and Small/Mid Cap tied the quarter with a 10.4% return. U.S. Growth Equity returned 9.7% in Q1, while U.S. Mid Cap Equity gained 9.4%.
Over the one year period ending March 31, 2011, U.S. Small Cap Equity returned 32.6%, Small/Mid Cap returned 31.7%, and Growth posted a 31.6% gain, according to IM’s data.
Among fixed income categories, U.S. High Yield Bond led the quarter with 4.3%, followed by U.S. Fixed Income (1.7%), and U.S. Broad Market Core+ and U.S. Investment Grade Corporate (tied at 1.6%).
Among International and Global products, those in the Global Equity category posted a 5.4% return, while International Equity gained 4.2% and Emerging Markets Debt gained 2.5%.
Investment Metrics, LLC is an independent provider of investment performance and reporting solutions. Performance returns of the top quartile breakpoints (top 25% highest values) of each institutional peer group category for periods ending March 31, 2011, are gross of fees.
More information is at http://www.invmetrics.com.