Franklin & Marshall College Franklin & Marshall College

Quarterly Fact Sheet

Winter 2013:  A banner year for U.S. equities, the asset class produced returns in the mid-30s, despite soft unemployment numbers and ongoing gridlock in Washington D.C.  Overseas, developed economies continued to recover with fits and starts in emerging markets.  Fixed income markets saw pressure from a rise in interest rates as tapering of Federal Reserve policy moved forward.  While inflation is still tame, the impact of unwinding the unprecedented federal policy is unknown.  

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