While the market is increasingly attractive on an absolute and relative basis, it has been an extremely challenging performance environment so far this year.
PMA/FL SAFE Achieves Significant Milestone – Reaching $1B in Fund Assets
PMA, a premier full-service provider of financial and advisory services to local governments, along with the Florida Surplus Asset Fund Trust (FL SAFE), achieved a significant milestone by reaching $1 billion in assets in FL SAFE and its Fixed Rate Investment program as of November 23, 2022.
FEATURED MARKET DATA
Fed and Inflation Driving Markets
Stocks rallied in November on softer inflation data and expectations for the Fed to slow the pace of rate hikes beginning in December. Together, the news helped lift the S&P 500 index 5.38% for the month.