Fairport in Fifteen – January 2017

It’s safe to say that 2016 was an above-average year as far as equities go.  Small caps were the best performing asset class in 2016 with a return of over 21% which is ironic because if you look to 2015, they were one of the worst performing asset classes at -4%, illustrating the importance of diversification.  Large caps represented by S&P 500 also did pretty well last year returning 12% when you include the dividend.  High yield which is highly tied to equities was the best performing fixed income group and REITS which has been one of the better performers over the last few years was again a pretty good performer in 2016.