Index definitions
S&P 500 Index: The Standard & Poor’s (S&P) 500 Index tracks the performance of 500 widely held large-cap US stocks.
Risk Considerations
Equity securities may fluctuate in response to news about companies, industries, market conditions and the general economic environment.
The value of fixed income securities will fluctuate and, when sold, may be worth more or less than its original cost or value at maturity. Bonds are subject to interest rate risk, call risk, reinvestment risk, liquidity risk and issuer credit risk.
High yield bonds (bonds rated below investment grade) may have speculative characteristics and present significant risks beyond those of other securities, including higher credit risk, price volatility and limited secondary market liquidity. High yield bonds should only represent a limited part of a balanced portfolio.
Paying companies dividends may reduce or cut payments at any time.
Asset allocation and diversification do not assure a profit or protect against losses in declining financial markets.
Investing in small and medium enterprises involves special risks, such as limited product lines, markets and financial resources, and greater volatility than securities of larger, more established companies.
Due to their narrow focus, sector investments tend to be more volatile than investments that diversify across many industries and companies. Tech stocks can be particularly volatile. Risks applicable to companies in the energy and natural resources include commodity price risk, supply and demand risk, depletion risk and exploration risk. Health Sector Actions are subject to government regulation, as well as government approval of products and services, which can have a significant impact on price and availability, and which can also be significantly affected by rapid obsolescence and expiration patents.
The clues are not managed. An investor cannot invest directly in an index. They are presented for illustrative purposes only and do not represent the performance of any specific investment.
The indices selected by Morgan Stanley Wealth Management to measure performance are representative of major asset classes. Morgan Stanley Wealth Management reserves the right to modify the representative indices at any time.
Disclosures:
Morgan Stanley Wealth Management is the trading name of Morgan Stanley Smith Barney LLC, a broker registered in the United States. This material has been prepared for informational purposes only and does not constitute an offer to buy or sell or a solicitation of an offer to buy or sell securities or other financial instruments or to participate in any trading strategy. Past performance is not necessarily indicative of future performance.
Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley’s financial advisors do not provide legal or tax advice. Each client should always consult their personal tax and/or legal adviser for information regarding their individual circumstances and for any tax or other implications that may result from the implementation of a particular recommendation.
This material, or any part thereof, may not be reprinted, sold, or redistributed without the written consent of Morgan Stanley Smith Barney LLC.
© 2022 Morgan Stanley Smith Barney LLC. SIPC member.
CRC#5349370 (12/2022)
Index definitions
S&P 500 Index: The Standard & Poor’s (S&P) 500 Index tracks the performance of 500 widely held large-cap US stocks.
Risk Considerations
Equity securities may fluctuate in response to news about companies, industries, market conditions and the general economic environment.
The value of fixed income securities will fluctuate and, when sold, may be worth more or less than its original cost or value at maturity. Bonds are subject to interest rate risk, call risk, reinvestment risk, liquidity risk and issuer credit risk.
High yield bonds (bonds rated below investment grade) may have speculative characteristics and present significant risks beyond those of other securities, including higher credit risk, price volatility and limited secondary market liquidity. High yield bonds should only represent a limited part of a balanced portfolio.
Paying companies dividends may reduce or cut payments at any time.
Asset allocation and diversification do not assure a profit or protect against losses in declining financial markets.
Investing in small and medium enterprises involves special risks, such as limited product lines, markets and financial resources, and greater volatility than securities of larger, more established companies.
Due to their narrow focus, sector investments tend to be more volatile than investments that diversify across many industries and companies. Tech stocks can be particularly volatile. Risks applicable to companies in the energy and natural resources include commodity price risk, supply and demand risk, depletion risk and exploration risk. Health Sector Actions are subject to government regulation, as well as government approval of products and services, which can have a significant impact on price and availability, and which can also be significantly affected by rapid obsolescence and expiration patents.
The clues are not managed. An investor cannot invest directly in an index. They are presented for illustrative purposes only and do not represent the performance of any specific investment.
The indices selected by Morgan Stanley Wealth Management to measure performance are representative of major asset classes. Morgan Stanley Wealth Management reserves the right to modify the representative indices at any time.
Disclosures:
Morgan Stanley Wealth Management is the trading name of Morgan Stanley Smith Barney LLC, a broker registered in the United States. This material has been prepared for informational purposes only and does not constitute an offer to buy or sell or a solicitation of an offer to buy or sell securities or other financial instruments or to participate in any trading strategy. Past performance is not necessarily indicative of future performance.
Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley’s financial advisors do not provide legal or tax advice. Each client should always consult their personal tax and/or legal adviser for information regarding their individual circumstances and for any tax or other implications that may result from the implementation of a particular recommendation.
This material, or any part thereof, may not be reprinted, sold, or redistributed without the written consent of Morgan Stanley Smith Barney LLC.
© 2022 Morgan Stanley Smith Barney LLC. SIPC member.
CRC#5349370 (12/2022)