Definitions

Asset Class

A class of investments that have similar characteristics, including risk factors and how returns are created; they include equity, fixed income and non-traditional.

Market Segment

A subset within an asset class; for example equity market segments include small cap, large cap and international.

Equity Strategies

Strategies using stocks (examples include mutual funds, exchange traded funds (ETFs), separate account managers (SMAs)).

Fixed Income Strategies

Strategies using bonds.

Non-Traditional Strategies

Strategies using other investment opportunities (examples include hedge funds, real estate investment trusts, currency).