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2012 in Review

December 21, 2012

Given the macro risks that existed a year ago, specifically related to Europe's ongoing sovereign debt crisis and China's decelerating growth profile, asset class performance has been extremely resilient.
-Investment Strategy Group, Neuberger Berman

As we approach the New Year and contemplate the opportunities the investment landscape may offer in 2013, it helps to look back at the performance trends of 2012. Overall, the year-to-date period has seen impressive results from various risk assets, which is in line with the projections of our Asset Allocation Committee. However, ongoing concerns about volatility and Europe hampered the markets at times. Here, we provide a performance scorecard and consider potential developments in the year ahead.

2012 Asset Class Performance

Given the macro risks that existed a year ago, specifically related to Europe's ongoing sovereign debt crisis and China's decelerating growth profile, asset class performance has been extremely resilient. Aside from the brief pullback in risk assets in the middle of the year that coincided with a deceleration in leading economic indicators and a 10% decline in the S&P 500, markets have continued to overcome persistent concerns and uncertainties, helped in part by the continued actions of the Federal Reserve and European Central Bank.


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