The Market Barometer remains normal. The S&P 500 decreased by -0.6% in April, ending a three month positive streak. The international MSCI EAFE Index also moved lower with a -2.0% decrease for the month. During April, the average US active equity fund posted a -0.9% loss while International active equity funds posted a -1.1% loss. Future Growth is the top Year to Date Strategy in both US and International Markets, with 14.1% for the US and 12.9% Internationally.

US Active managers have underperformed by -5.9% over the last year while International Active managers have outperformed by 2.6% over the same period. Quantitative was the best US one year Strategy at 1.3%. Profitability was the best one year International strategy with a -4.4% loss. Also of note was the significant spread of 9.7% between the best and worst performing International strategies over the last year.

Download the full report:  Athena Perspectives – May 2012