Q3 2018 Market Review

Markets in Review: Q3 2018

Compare your investment results to Q3 2018 benchmarks for stocks, bonds and alternative investments.

Our latest quarterly synopsis of the financial market environment offers an in-depth look at the recent performance of asset classes, along with valuable insights for investors.

Highlights of Q3 financial market performance include:

  • World equity markets rose amid solid economic and earnings data, which outweighed global policy uncertainty among investors.
  • U.S. equity gained, as a healthy economy and robust earnings boosted stocks despite global trade concerns.
  • International equity posted a positive return due to stronger economic news and the European Central Bank’s statement that it would not hike interest rates until at least the summer of 2019.
  • Emerging market equity declined again in Q3, as U.S. dollar strength, slowing growth in China and nervousness about the collapse of the Turkish lira weighed on returns.
  • U.S. fixed income was flat for the quarter. Short-term interest rates rose again in Q3, though longer-term yields increased as well.
  • Non-U.S. fixed income was down as Italian bonds slid.
  • Hedge funds were slightly positive. Multi-strategy and macro funds were among the best performers year-to-date.
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Tim Barron, CAIA

Tim Barron, CAIA
Senior Vice President, Chief Investment Officer

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