Investment News August 2010
6th August 2010
Financial markets around the world bounced back in July as International Stocks led the way after the bailout of Greece, gaining 9.3% last month. Large Cap Stocks gained 7.0% to recover almost all they lost in June. Mid Cap Stocks and Small Cap Stocks had similar returns for the month. The big winner in July was actually Real Estate as REITs picked up 9.7%.
Since investors were no longer chasing high quality US government bonds, domestic bonds only gained 1.0% in July. As investor appetite for risk increased, Emerging Market Bonds picked up 4.5% last month, while High Yield Bonds added 3.6%.