The Market Barometer remains normal. US equity markets did little in November with the S&P 500 posting a -0.2% loss while the MSCI EAFE Index saw a larger decrease of -4.9%. Average US active equity fund returns underperformed slightly while International active equity funds beat the index but still lost -2.5% during November. Active managers are still underperforming on a trailing twelve month basis.

Risk reemerged as the best performing one month strategy in both domestic and international equity markets. US Quantitative remains the best performing year to date and one year strategy. International Risk remains the top year to date strategy in overseas markets, but Profitability replaced Risk as the best one year strategy.

Download the full report: Athena Perspectives – December 2011