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balanced fund quarterly reportThe escalation of the European debt crisis dominated world headlines in the fourth quarter. There was a transition of leadership in both Greece and Italy which added to the uncertainty. These changes, however, should provide a more stable government for these countries in the future. The spotlight remains... |
balanced fundFor long-term investors who seek a rate of return that exceeds the inflation rate and want to limit downside risk in declining market environments. |
market commentaryThe escalation of the European debt crisis dominated world headlines in the fourth quarter. Most of Europe is looking to implement severe austerity measures, including both spending cuts and tax increases. Therefore it will be extremely difficult to expect much in the way of economic growth out of Europe in 2012. The picture in the U.S. is more uplifting... |