Greenwich, Connecticut, May 17, 2018 – Wright Investors’ Service, Inc. announced today that the Wright Ultra-Short Duration Fixed Income strategy has been recognized with Top Guns status by Informa Investment Solutions’ PSN manager database. Wright Ultra-Short Duration Fixed Income received 1-Star rating for the period ended March 31, 2018.
Stocks had their best week in more than two months as fears eased over rising inflation and North Korea.
A mixed April jobs report keyed a rally in stocks on Friday but the major U.S. equity indexes ended mixed for the week.
U.S. stocks had their first losing week in the past three weeks but were holding onto gains for April with one trading day left in the month.
U.S. stocks continued their recent trend of falling on Friday but ended the week with modest gains as Treasury bond yields soared to their highest levels in more than four years.
U.S. stocks gained about 2% last week, more than recouping the previous week’s losses.
After rising most of the week, U.S. stocks gave it all back on Friday, with the major equity averages all dropping more than 2% to end the week as the war of words between America and China heated up.