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Also, the second half of 2012 produced some surprises in sector performance which helped propel several broker's model portfolios to the top of the performance chart. "In the first half of 2012, technology and medical were both hot, especially the big insurers and rehab and at home service providers who were thought to benefit from Obamacare," says Zacks Equity Strategist,
On the flip side, according to Ryniec, the energy sector stocks struggled in the first half of the year. In the second half, however, patience was rewarded as it was energy which boosted the top performers, but not in the way you might have thought. "While Big Oil and the explorers still lagged, the refining sector stocks soared due to a very favorable crude spread. If you owned a refiner, 2012 was a very good year."
While all of the model portfolios ranked by
The top ranked brokerages for second half 2012 (
Goldman Sachs took the top spot in the one year category with a 19.44% return and
The S&P 500 Index is a well-known, unmanaged index of the prices of 500 large-company common stocks, mainly blue-chip stocks, selected by Standard & Poor's. The S&P 500 Index assumes reinvestment of dividends but does not reflect advisory fees. An investor cannot invest directly in an index.
The leading brokerage firms employ analysts who produce recommendations for hundreds of stocks, which can not all be bought for a client portfolio. These brokerage firms then create model portfolios from all of the stocks each firm is following. The process to create these lists range from a top down quantitative methodology, to a bottom up fundamental process.
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