Market Review - Q4 2013
The US equity market delivered a strong performance across style and size indices during the quarter. Large cap growth recorded the strongest performance.
Dragged down by the poor performance of materials and energy stocks, emerging markets lagged developed markets as a group.
Commodities ended the year on a negative note as the DJ-UBS Commodity Index returned -1.1% during the fourth quarter, finishing the year down 9.5%.
Bond investors got a bit of bad news at the end of the quarter with the US Federal Reserve announcing the tapering of its monthly bond purchases - this move was not a surprise to the market.