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2006 Benchmark Index Performance
By JLP | January 4, 2007
Here are some selected 2006 returns. All but one of them are total returns, which means that dividends are included in the return calculation. One that stands out is the the Lehman Bros. Muni Bond index that returned 26.9%. Holy Smokes! According to the Wall Street Journal, the same index returned over 22.4% in the month of December alone. As Kurt states in the comments, this is an error. Until I have the correct information, I am leaving out the performance for the Lehman Bros. Muni. Bond index.
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Large-Cap Stocks |
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DJIA |
18.3% |
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S&P 500 |
15.8% |
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Midcap Stocks |
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S&P Midcap 400 |
15.8% |
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Small-Cap Stocks |
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Russell 2000 |
18.4% |
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Broad Stock Market |
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DJ Wilshire 5000 |
15.3% |
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Russell 3000 |
15.7% |
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Stock Indexes |
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DJ Wilshire Growth |
9.2% |
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DJ Wilshire Value |
21.1% |
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Taxable Bonds |
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Lehman Bros. Agg. Bond |
4.3% |
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Municipal Bonds |
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Lehman Bros. Muni. Bond |
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International Stocks |
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MSCI EAFE (not total return) |
23.5% |
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DJ World (excluding US) |
25.7% |
Topics: Index Funds, Investing | 5 Comments »
January 4th, 2007 at 12:16 pm
According to LEH, the muni returns are much lower than that (4.4% LTM): http://www.lehman.com/LL_S/public/publicsite/bondindex.html
Likewise, morningstar reports a lower number as well.
http://news.morningstar.com/index/indexReturn.html
I have a feeling the data is flawed.
January 4th, 2007 at 5:43 pm
I know we’re not comparing apples to apples because the indexes are different, but isn’t it a little odd that large caps returned 15.8%, mid caps 15.8%, and small caps 18.4%, but the broad market Wilshire 5000 was only 15.3%?
January 4th, 2007 at 6:33 pm
Rob,
Yeah, that it is strange. I suppose it is due to the fact that the indexes are all different brands.
January 4th, 2007 at 9:26 pm
Another good year for value. Wonder when the cycle rolls over?
January 5th, 2007 at 4:03 pm
Kurt – Ken Fisher’s new book “The Only Three Questions That Count” has some interesting thoughts on this. In fact, I haven’t finished the book yet, but it’s been a very interesting read so far and I recommend it (not in the sense that I agree with him or not, just that it is thought provoking and looks at many common ideas from a different angle).