The first quarter of 2016 was one of the most volatile in history. The attached report breaks down the returns of the the global stock and bond markets and acts as a good reminder of the importance of diversification and discipline.
You will notice the large variation in the returns of the different asset classes, which is often the case in short term periods. The last page of the report reminds us that when we examine the same information over a longer time period, the relationship between risk and return becomes much clearer.
As always, please reach out to us with any questions.