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June Avoids Swoon to Mark Best Performance in Years

Although the second quarter ended in the red, June showed that being in the equity markets matters and that a broad, globally diversified portfolio can build wealth with relatively safe returns.

In this month’s ING Global Perspectives commentary, ING Chief Market Strategist Doug Cote discusses the “Risk Gap” which is what investors don’t own leading to upside risk – forfeiting exceptional returns when mired in “safe” assets. As always, investors should continue to focus on the ABCDs of fundamentals:

  • Advancing Corporate Profits - Profits for Q1 2012 increased 6% over Q1 2011.
  • Broadening Manufacturing - The U.S. ISM manufacturing index slipped to 49.7% in June, the first slip into contraction territory in 35 months.
  • Consumer Strength Underestimated - Consumers took a slight breather as a 2.2% decrease in gasoline purchases pulled May retail sales down.
  • Developing Economies are Driving Global Growth - The 2012 A.T. Kearney Global Retail Development Index ranks four Latin American counties in the top 10 for global retail expansion opportunities.

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ING Global Perspectives Monthly Commentary July 2012.pdf

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