The Market Barometer remained at a Normal reading for the second straight month in April. The S&P 500 increased 3.8% in March, and posted a 10.6% for the first quarter of 2013. The average US Active Equity fund lagged the S&P 500 by 0.2% for the quarter. Over the past year, the average US Active Equity fund has underperformed the index by 2.3%. The international MSCI EAFE Index increased 0.8% during March, while the International Active Equity added 1.1%. The average international active equity manager has underperformed the index by 2.6% over the past twelve months.
Quantitative managers became the best performing US strategy in March with a 4.1% return for the month. US Valuation remained the best performing equity strategy over the past year, gaining 13.6% but still lagging the S&P 500 by 0.4%. International Market Conditions remained the best one month strategy by posting a 1.9% gain in March while International Profitability posted the best one year return of 10.3%.
Download the Full Report: Athena Perspectives – April 2013