2014 Performance Report and Investment Outlook

If MCS clients were one large portfolio, the year-to-date return through June 30th was 5.5%. Individual client returns ranged between 1.7% and 9.8%. Auxier portfolios, on average, gained 3.2%. For comparison purposes, the S&P 500 Total Return index gained 7.13%, and the Barclays Aggregate Index gained 3.92% in the first half of this year. The …

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