EVOLUCIÓN DE ACTIVOS EN LOS ÚLTIMOS AÑOS

2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	’14 YTD
REIT 26.4%	REIT 13.9%	HG Bnd 10.3%	EM 56.3%	REIT 31.6%	EM 34.5%	REIT 35.1%	EM 39.8%	HG Bnd 5.2%	EM 79.0%	REIT 28.0%	REIT 8.3%	REIT 19.7%	Sm Cap 38.8%	REIT 16.3%
HG Bnd 11.6%	HG Bnd 8.4%	REIT 3.8%	Sm Cap 47.3%	EM 26.0%	Int’l Stk 14.0%	EM 32.6%	Int’l Stk 11.6%	Cash 1.4%	HY Bnd 57.5%	Sm Cap 26.9%	HG Bnd 7.8%	EM 18.6%	Lg Cap 32.4%	Lg Cap 7.1%
Cash 5.8%	HY Bnd 4.5%	Cash 1.6%	Int’l Stk 39.2%	Int’l Stk 20.7%	REIT 12.2%	Int’l Stk 26.9%	AA 7.6%	AA -22.4%	Int’l Stk 32.5%	EM 19.2%	HY Bnd 4.4%	Int’l Stk 17.9%	Int’l Stk 23.3%	EM 6.3%
AA 0.5%	Cash 3.4%	HY Bnd -1.9%	REIT 37.1%	Sm Cap 18.3%	AA 8.9%	Sm Cap 18.4%	HG Bnd 7.0%	HY Bnd -26.4%	REIT 28.0%	HY Bnd 15.2%	Lg Cap 2.1%	Sm Cap 16.4%	AA 11.5%	AA 6.0%
Sm Cap -3.0%	Sm Cap 2.5%	AA -3.8%	Lg Cap 28.7%	AA 14.1%	Lg Cap 4.9%	AA 16.7%	Lg Cap 5.5%	Sm Cap -33.8%	Sm Cap 27.2%	Lg Cap 15.1%	AA 0.3%	Lg Cap 16.0%	HY Bnd 7.4%	HY Bnd 5.6%
HY Bnd -5.1%	AA -0.2%	EM -6.0%	HY Bnd 28.2%	Lg Cap 10.9%	Sm Cap 4.6%	Lg Cap 15.8%	Cash 4.4%	Lg Cap -37.0%	Lg Cap 26.5%	AA 13.5%	Cash 0.1%	HY Bnd 15.6%	REIT 2.9%	Int’l Stk 5.1%
Lg Cap -9.1%	EM -2.4%	Int’l Stk -15.7%	AA 25.9%	HY Bnd 10.9%	Cash 3.2%	HY Bnd 11.8%	HY Bnd 2.2%	REIT -37.7%	AA 24.6%	Int’l Stk 8.2%	Sm Cap -4.2%	AA 12.2%	Cash 0.1%	HG Bnd 3.9%
Int’l Stk -14.0%	Lg Cap -11.9%	Sm Cap -20.5%	HG Bnd 4.1%	HG Bnd 4.3%	HY Bnd 2.7%	Cash 4.7%	Sm Cap -1.6%	Int’l Stk -43.1%	HG Bnd 5.9%	HG Bnd 6.5%	Int’l Stk -11.7%	HG Bnd 4.2%	HG Bnd -2.0%	Sm Cap 3.2%
EM -30.6%	Int’l Stk -21.2%	Lg Cap -22.1%	Cash 1.0%	Cash 1.4%	HG Bnd 2.4%	HG Bnd 4.3%	REIT -15.7%	EM -53.2%	Cash 0.2%	Cash 0.2%	EM -18.2%	Cash 0.1%	EM -2.3%	Cash 0.0%