Q2 2016: Lurching Forward

Equity markets have been following the path of one step back, two steps forward. Sharp market declines have been followed by quick recoveries. Yet while U.S. stocks have generally moved higher, it remains an unsettling time for investors trying to make sense of the macro muddle—Brexit, the U.S. election, negative bond yields, jobs and wages, China, etc. The search for a balance of income, growth, and safety in their portfolios continues.

Running Away from Yield, Running Toward Yield

1Source: Bloomberg. 2011 data as of 7/1/2011. 2016 data as of 7/6/2016.
2Source: Bloomberg. As of 6/30/16.

Past performance is not indicative of future results.

Past performance is not a guarantee of future results.

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.