|
| |
|
Investment
Process - Look
Everywhere |
The table
below shows returns for different investment asset classes.
|
1996
|
1997
|
1998
|
1999
|
2000
|
2001
|
2002
|
2003
|
2004
|
2005
|
2006 |
2007 |
2008 |
2009 |
2010 |
|
Large Cap Growth
|
Large Cap Growth
|
Large Cap Growth
|
Small Cap Growth
|
Small Cap Value
|
Small Cap Value
|
Bonds
|
Small Cap Growth
|
Small Cap Value
|
Foreign
|
Foreign |
Foreign |
Bonds |
Small Cap Growth |
Small Cap Growth |
|
23.97%
|
36.52%
|
42.16%
|
43.09%
|
22.83%
|
14.02%
|
10.26%
|
48.54%
|
22.25%
|
13.54%
|
26.20% |
11.17% |
5.24% |
33.52% |
28.33% |
|
Large Cap Value
|
Small Cap Value
|
Foreign
|
Large Cap Growth
|
Bonds
|
Bonds
|
Small Cap Value
|
Small Cap Value
|
Foreign
|
Large Cap Value
|
Small Cap Value |
Large Cap Growth |
Small Cap Value |
Large Cap Growth |
Small Cap Value |
|
22.00%
|
31.78%
|
20.00%
|
28.24%
|
11.63%
|
8.43%
|
-11.43%
|
46.03%
|
20.25%
|
6.33%
|
23.48% |
9.13% |
-28.92% |
30.77% |
22.21% |
|
Small Cap Value
|
Large Cap Value
|
Large Cap Value
|
Foreign
|
Large Cap Value
|
Small Cap Growth
|
Foreign
|
Foreign
|
Large Cap Value
|
Small Cap Value
|
Large Cap Value |
Small Cap Growth |
Small Cap Growth |
Foreign |
Large Cap Growth |
|
21.37%
|
29.98%
|
14.69%
|
26.96%
|
6.08%
|
-9.23%
|
-15.34%
|
38.59%
|
15.71%
|
4.71%
|
20.80% |
7.05% |
-38.54% |
26.97% |
13.18% |
|
Small Cap Growth
|
Small Cap Growth
|
Bonds
|
Large Cap Value
|
Foreign
|
Large Cap Value
|
Large Cap Value
|
Large Cap Value
|
Small Cap Growth
|
Small Cap Growth
|
Small Cap Growth |
Bonds |
Large Cap Growth |
Small Cap Value |
Large Cap Value |
|
11.26%
|
12.95%
|
8.70%
|
12.73%
|
-14.17%
|
-11.71%
|
-20.85%
|
31.79%
|
14.31%
|
4.15%
|
13.35% |
6.97% |
-38.99% |
17.74% |
12.41% |
|
Foreign
|
Bonds
|
Small Cap Growth
|
Bonds
|
Large Cap Growth
|
Large Cap Growth
|
Large Cap Growth
|
Large Cap Growth
|
Large Cap Growth
|
Large Cap Growth
|
Large Cap Growth |
Large Cap Value |
Foreign |
Large Cap Value |
Bonds |
|
6.05%
|
9.64%
|
1.23%
|
-0.82%
|
-22.08%
|
-12.73%
|
-23.59%
|
25.66%
|
6.13%
|
3.46%
|
11.01% |
1.99% |
-43.38% |
16.54% |
6.54% |
|
Bonds
|
Foreign
|
Small Cap Value
|
Small Cap Value
|
Small Cap Growth
|
Foreign
|
Small Cap Growth
|
Bonds
|
Bonds
|
Bonds
|
Bonds |
Small Cap Value |
Large Cap Value |
Bonds |
Foreign |
|
3.64%
|
1.78%
|
-6.45%
|
-1.49%
|
-22.43%
|
-21.44%
|
-30.26%
|
4.10%
|
4.34%
|
2.43%
|
4.33% |
-9.78% |
-47.87% |
5.93% |
4.90% |
No one asset class
is always best!
|
|
As you can see, each year
the asset classes changed order in terms of ranking by performance.*
In a manner consistent
with your wishes and financial profile, including
risk tolerance, we consider all investments and tools.
Common problems caused by narrow investment scope,
such as those a fund limited to small cap growth stocks might face
(remember the internet bubble?) are avoided.
Small or large cap,
growth
or value, foreign or domestic, within guidelines approved by you, we
seek maximal returns wherever they are deemed available.
* Sources for data in chart:
Small Cap Value - Russell 2000 Value Index
Small Cap Growth - Russell 2000 Growth Index
Large Cap Value - Standard & Poors / Barra 500 Value Index
Large Cap Growth - Standard & Poors / Barra 500 Growth Index
Foreign - Morgan Stanley Capital International EAFE Index
Bonds – Barclay's Aggregate Bond Index |
|