Market Review - Q1 2014
Equity returns were mostly positive but lower than they were during much of 2013. While large caps in emerging markets lagged other equity asset classes, small caps in emerging markets were the top performers.
US REITs rebounded in the first quarter after declining in Q4 2013.
Commodities regained ground during the first quarter. The DJ-UBS Commodity Index rose approximately 7%.
Broad US bond market returns were positive. The Barclays US Aggregate Bond Index advanced 1.8% during the quarter.