How did the markets fare in the second quarter? Equity markets built on their first quarter performance and continued to generate strong returns during the quarter. Domestically, growth stocks outperformed value stocks and large-cap outperformed both mid- and small-cap stocks.
On the other hand, real assets posted relatively flat returns for the quarter following their strong performance in the first quarter of 2019. REITs increased slightly while midstream energy remained relatively unchanged. Commodities declined marginally during the quarter.
Our Quarterly Considerations for the second quarter of 2019 takes a closer look at the U.S. and global economies, and includes highlights on real assets, equity markets, fixed income, hedge funds, and more.