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Portfolio Trick or Treat

October 26, 2023 | Greg Leonberger, FSA, EA, MAAA, FCA, Director of Research, Managing Partner

Coming into 2023, investors were cautiously optimistic about 2023 market returns; cautious considering the broad losses across asset classes during 2022 but optimistic about more attractive valuations and the inherent upside potential stemming from these price points. Nine months into the year, which of these opportunities have been “treats” for investors, and which have been “tricks”?

In this edition:

The biggest trick of them all: Investment grade fixed income
But not all of fixed income has been a trick…
Tricks come in all sizes: U.S. small-cap equities
Trick, treat, or both? U.S. growth stocks
Currency movements still tricky
More treat than trick: Emerging markets
If you’re not surprised, it’s not a trick: Commercial real estate

Read > Portfolio Trick or Treat

Greg Leonberger, FSA, EA, MAAA, FCA
Director of Research, Managing Partner

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The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.