Sage Advice Quarterly Market Review 1Q2010

Risk assets continue to perform well with equities adding to gains and fixed income yield spreads tightening further in the first quarter and the first weeks of April (Chart 1). From an asset class perspective, mid and small cap domestic equities have outperformed year-to-date while commodities lagged on lower inflation expectations, a stronger dollar and fears of slowing China growth (see Market Performance Review for full asset class breakdown).