Third Quarter 2018 Investment Commentary
In 2018, US stocks have strongly outperformed EM stocks, but this level of divergence is not unusual. Still, given the negative headlines surrounding emerging markets, we highlight several points this quarter that indicate EM stocks remain attractive and their long-term growth outlook is intact.
Third Quarter 2018 Market Review
US stocks hit new highs in late September, while foreign stocks continue to underperform. This year, our bond portfolios are again benefiting from allocations to flexible bond funds and floating-rate loan funds.