In the third quarter, stock markets continued to rebound from the pandemic-induced lows of March. Most broad categories of stocks finished the period with gains. In fact, the S&P 500 Index reached a new record high in early September before retreating modestly. Bonds also delivered positive returns for the quarter.
In this most recent video, senior portfolio managers Mauricio Agudelo and Prabha Carpenter discuss the macroeconomic backdrop, portfolio positioning and fund performance. Read the transcript.