Knowledge Center

The Wilshire Advisor Solutions Knowledge Center contains our video presentations, white papers, monthly and quarterly market commentaries, and product literature.

  Third Quarter 2017 Market Commentary

The U.S. stock market, represented by the Wilshire 5000 Total Market IndexSM, was up 4.59% for the third quarter of 2017. The market has been posting strong gains since the third quarter of 2015, up 17.10% annualized for the past two years. Equity investors are in part responding to strong earnings reports, with reported earnings up in the double digits for each quarter of the first half of 2017.  » more
   

  What Are the Odds of Selecting a Top Performing Mutual Fund?

During periods of extreme market volatility, investors often make irrational decisions that can undermine their long-term objective of accumulating wealth and minimizing risk. Since the crash of 2008, financial markets have experienced several periods of market volatility. As a result, investors have become increasingly sensitive to the volatility of the equity market even as we hit record high levels. When investors allow their emotions to guide their investment decisions, short-term market volatility can lead them to abandon their long-term goals in an effort to chase performance returns by engaging in market timing.

» more
   

  Wilshire Liquid Alternative Index Gains 0.38% in August

SANTA MONICA, CA, SEPTEMBER 12, 2017—The Wilshire Liquid Alternative IndexSM, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.38% in August, outperforming the 0.29% monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market IndexSM.

» more
   

  August 2017 Monthly Market Commentary

U.S. Economy and Markets

  • Domestic equity markets were positive in August, as the Wilshire 5000 Total Market IndexSM returned 0.24% and the S&P 500 Index returned 0.31%.
  • Market volatility, measured by the CBOE Volatility Index (VIX), ended the month at 10.59, an increase from its July close of 10.26
  • Performance across GICS sectors was mixed for the month, with the Information Technology and Utilities sectors leading the group, gaining 3.28% and 3.08%, respectively. On the other hand, the Energy sector was the worst performing sector in August, returning -5.27%.
  • Large cap stocks continued to outperform their small cap counterparts this month, with the Wilshire U.S. Large Cap IndexSM and the Wilshire U.S. Small Cap IndexSM returning 0.41% and -1.39%, respectively.
  • U.S. manufacturing activity, as measured by the Institute for Supply Management’s PMI, registered 58.8% in August, the 12th straight month of growth (over 50%) in the manufacturing sector. This is the highest reading since April 2011.
» more
   

  Wilshire Liquid Alternative Index Gains in 0.67% July

SANTA MONICA, CA, AUGUST 11, 2017—The Wilshire Liquid Alternative IndexSM, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.67% in July, underperforming the 0.93% monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market IndexSM.

» more
   

  July 2017 Monthly Market Commentary

U.S. Economy and Markets

  • Domestic equity markets were positive in July, as the Wilshire 5000 Total Market IndexSM returned 1.88% and the S&P 500 Index returned 2.06%.
  • Market volatility, measured by the CBOE Volatility Index (VIX), ended the month at 10.26, a decrease from its June close of 11.18.
  • Performance across GICS sectors was positive for the month, with the Telecommunications Services and Information Technology sectors leading the group, returning 5.87% and 4.09%, respectively. On the other hand, the Industrials sector was the worst performing sector in July, returning 0.22%.
  • Large cap stocks continued to outperform their small cap counterparts this month, with the Wilshire U.S. Large Cap IndexSM and the Wilshire U.S. Small Cap IndexSM returning 1.98% and 1.08%, respectively.
  • U.S. manufacturing activity, as measured by the Institute for Supply Management’s PMI, registered 56.3% in July, down from the June reading of 57.8%. June’s was the highest since August 2014. Generally, a reading above 50% indicates expansion.
» more
   

  Investment Strategy Update, July 2017

Investment Strategy—Positioning for Relative Opportunities

Global equity markets continued to climb higher in the first half of 2017 as earnings recovered, and momentum and positive sentiment helped markets shrug off concerns regarding the new U.S. administration’s ability to execute on its policy agenda of lighter regulation and looser fiscal policy. We expressed our concern in our last letter that there remains significant uncertainty regarding actual policy implementation, noting that our analysis continues to focus on the fundamentals of the macroeconomic landscape, while considering how such fundamentals may change in response to policy actions. As a result, last quarter we shifted portfolios away from a value-bias to a neutral style posture while also favoring Non-U.S. equity exposure, with the goal of reducing the cyclical sensitivity of our portfolios while also seeking to benefit from cheaper valuations abroad, which we also expected to benefit from the tailwinds of a weaker U.S. dollar.

» more
   
12345678910Last
Recent Articles
divider
Recent Articles
divider
Recent Articles
divider

Register for Our Live Webinar

2017 Third Quarter Market Update
  • Presented by: Josh Emanuel, CIO, Wilshire Funds Management
  • Date: Wed., Oct. 18, 2017
  • Time: 1pm CDT