Monetary easing following the market sell off at the end of 2018 helped financial markets throughout 2019. A broad mix of asset classes generated close to 15% over the full year. All asset classes performed positively.
Global equity markets were up 26.6% as fixed income performed strongly with government bonds up 7.6% and corporate bonds up 12.5%. Commodities, being the laggard of the last decade was up 5.4%.
Certainly not Chairperson Powell’s “knockout, great, super strong employment report” but Still Enough for Fed to Taper. September job growth in the US was underwhelming vs. expectations but still a green light for a Fed taper announcement by year-end.
Going back more than 20 years, Kieger’s legacy has been built in healthcare and small companies. Over these decades we have developed our own “unique” asset allocation which has some outstanding and attractive portfolio characteristics, especially in recent turbulent times.