Capital Markets: Observations & Insights

Technology-Related Companies Lead ​ Performance

• Technology-related equities led this year, with U.S. consumer discretionary performance driven by the market-leading returns of the internet retail industry

2Q18 Returns (%)

YTD Returns (%)

12

U.S.

World

U.S.

World

16

8

12

4

8

0

4

-4

0

-4

-8

-8

-12

Energy

Utilities

Energy

Utilities

Telecom

Materials

Telecom

Financials

Industrials

Materials

Financials

Industrials

Technology

Real Estate

Health Care

Technology

Real Estate

Health Care

Consumer Staples

Consumer Staples

Consumer Discretionary

Consumer Discretionary

Source: FactSet as of 6/30/18. U.S. represented by S&P 500 and World represented by MSCI AC World Index in USD.

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