U.S. equities were positive across all the styles and market caps. Small and Mid Caps were the big winners for the month of June. (S&P 500 +2.07%, S&P 400 MidCap +4.14%, Russell 2000 +5.32%).

International markets were generally positive in June as the MSCI EAFE gained +0.96%%. Emerging markets (+2.25%) outperformed the developed markets. Frontier markets cooled slightly in June (‐0.15%) but are still up an impressive 20.21% year to date.

The high yield sector led the fixed income markets in June (Barclay U.S. Corporate High Yield +0.84%). Treasuries were down across all maturities as the yield on the ten year treasury rose slightly to end the month up 6 basis points to 2.52%.