We are now in the second half of 2023. In the first half of 2023, stock markets did well. Both in the US and around the world. The S&P 500 is up 16.89% thru 6-30-2023. Other stock indexes also have done well. Developed market (DM) and emerging market (EM) international stock market indexes were also up 11.2% and 4.8% respectively.
Important to note that 95% of the S&P 500’s YTD return was driven by only the top 10 companies in the index of 500 companies. That’s why it’s important to have a complete diversified portfolio based on your time frame and risk tolerance. And have a partner that can help you select the top managers. JP Morgan has found that over a 20 year period working with a top decile investment manager vs a bottom decile manager can have up to a 46% difference in the return. (source: JPM GTM 6-30-2023 pg. 66).
Selecting investment managers is what we do. Click here to set up your free portfolio review meeting. For our existing clients, we’ll be reaching out to schedule your quarterly investment review meeting.