The Ryan Labs Liability Index showed negative growth of -2.8% for the first three months of the year of 2002, while all asset classes boasted positive, though meager, returns over the period.
Over the quarter:
- the S&P 500 index crept up by 0.28%
- the MSCI International Index increased by 0.57%
- the Lehman Aggregate rose by 0.09%
- cash was up by 0.36%.
While, according to the Ryan Labs data:
- long liabilities are down by around 7.5%
- intermediate liabilities are suffering in the vicinity of 2%.
While the increase in Ryan’s asset growth measure has been small, at 0.29%, when coupled with the -2.80% fall in liabilities, it translates to a 3.09% growth in assets versus liabilities over the quarter.