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August 2015 Market Commentary
Global indices fell throughout August as concerns surrounding growth in China, the world’s second largest economy, rippled across capital markets causing many investors to shed risk assets amid heightened volatility. Wary of a slowdown in global growth, Central bankers largely shifted focus to managing the significant decline in the Chinese financial markets.
For the month, the S&P 500 Index fell 6.0%, while the Russell 2000 Index of smaller companies finished 6.3% lower. All ten sectors finished the month in negative territory with healthcare, financials and consumer-related names experiencing the largest losses. Across market capitalizations, no clear trend emerged as all market cap indices experienced significant drawdowns. Meanwhile, growth stocks underperformed their value equivalents.