Perspectives Newsletter: Q2, 2015
A quarter that was notable for its volatility resulted in muted gains across the majority of broad stock indexes. While international stocks again outperformed their US counterparts, much of the performance gap was closed in June with China and Greece weighing on Emerging Markets and Europe respectively. Domestically, dividends accounted for the entire gain in the S&P 500, as the price return for the index was -0.23% for the quarter. Small-cap stocks continued to pace the field in the US while midcap stocks gave back some of their gains from the previous quarter. In a sign of a market that lacked conviction, growth and value index performance were nearly identical.
