Morningstar, Inc. Commentaries
Jul 18, 2014
Click here to access In 2014's First Half, MLPs Reign King
While bond investors spent much of 2014 fretting over what the improving economic outlook means for interest rates, U.S. equity investors earned decent returns in the first half of the year. Investors expecting a repeat of 2013's surging equity markets in 2014, though, were disappointed. The S&P 500 Index, for example, dropped sharply in January and put up gains of less than 100 basis points during March and April, netting a respectable, but not amazing, 7% return for the first six months of the year.