Surprise! No Selloff in 2013 – Q4/2013

The unusually strong performance of US stocks in 2013 was a welcome surprise for investors who are following a simple buy-and hold strategy and a source of exasperation for many professionals caught flatfooted by the steady rise in share prices. It was the best year for the S&P 500 Index since 1997, with a total return in excess of 32%. The size and value dimensions were even more rewarding: 2013 was the best calendar year since inception for the DFA U.S. Large Cap Value Portfolio, with the DFA U.S. Micro Cap Portfolio had its second-best performance in 32 years of operation…
Read our Forth Quarter Newsletter for 2013.