Wilshire 5000 Total Return Index Hits New All-Time High
Although it did not match the impressive gains of January and February, theWilshire 5000 Total Market IndexSM, the original pure and completeSM measure of the U.S. stock market, closed March 30, 2012 at 14,580.21 up 3.10 percent for the month and 12.76 percent for the quarter with dividends. Without dividends reinvested, the estimated market value increased $475 billion in March and $1.85 trillion for the quarter, according to Wilshire Associates Incorporated (“Wilshire®”), a diversified global financial services firm.
“The best day of the year so far, March 13, 2012, was doubly special as the Wilshire 5000 Total Return IndexSM set a new all-time-high by moving above its October 9, 2007 record close,” stated Robert J. Waid, managing director, Wilshire Associates. “In a month where most slices of the market rose in a comparable manner, the Energy sector stood out as the lone losing sector in all size categories and -3.32 percent overall. With regard to the quarter, most size and style categories were up double digits with the Wilshire 5000 having its best first quarter since 1998 and the best quarter since the third quarter of 2009 gained 16.12 percent,” he noted.
“In a reversal of fortunes, 2011’s best performing sector, Utilities, is now on the other end of the scale. The Utilities sector was one of the worst sectors in each of the first three months of 2012. It also is the only losing sector for the quarter in each size category falling -1.65 percent overall. On the other end of the spectrum, the Information Technology sector was the best or next to best sector in each month of the quarter to become the top performing sector with a quarterly return of 20.54 percent,” Waid noted.
In a turnaround from February's negative performance, during March the Wilshire RESI IndexSM added 5.18 percent making the return for the quarter 10.93 percent. Meanwhile, the Wilshire exUS RESI IndexSM lost some steam, gaining just 0.52 percent for the month resulting in a quarterly gain of 16.02 percent.
All values as of March 30, 2012. Index values are in price values. All returns are total returns and reflect float-adjusted market
capitalization. Returns are annualized for periods greater than one year.