Update: Broad equity markets post losses for second quarter, Mercer reports

The second quarter of 2008 brought losses in most equity markets, Mercer's latest Defined Contribution Universe Summary reports. The S&P 500 Index lost 2.7 percent, and the balanced asset class posted a 1.9 percent loss. The fixed-income asset class, which had a positive first quarter, saw a 1.0 percent loss in the second quarter. But money-market funds rose 0.4 percent over the quarter. International equity markets outperformed US equities, while global equities -- which posted a 1.7 percent loss -- did better than international equities.  (Update, 1 Aug 2008, 5 pages)

• Full Update (PDF)

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