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Q1 2019 Quarterly Investment Commentary

| April 11, 2019
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 Markets Rebound Strongly in Q1

 Markets rallied in Q1 as investors took advantage of lower valuations backed by supportive fundamentals.  Following the rally, valuations are less attractive and concerns remain.  In the Q1 Quarterly Investment Commentary, the FWA Investment Committee provides insights into the markets, investor concerns, investment opportunities and updates on the FWA-managed portfolios. 

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