---
title: Third Quarter 2012 Performance Commentary
description: In spite of well publicized worries over a dysfunctional government, the impending fiscal cliff, and slower earnings growth, the markets did what they usua
---

# Third Quarter 2012 Performance Commentary

 Oct 2, 2012 12:00:00 AM   /  Admin

[Economic Updates](https://broadleafpartners.com/economic-updates) [Institutional Investment Management](https://broadleafpartners.com/economic-updates/tag/institutional-investment-management)

In spite of well publicized worries over a dysfunctional government, the impending fiscal cliff, and slower earnings growth, the markets did what they usually do during such periods by confounding the experts.  During the third quarter, the S&P gained more than six percent. The Broadleaf Growth Equity Portfolio (BGEP) gained a solid 5.1% on considerable strength from the technology sector.  Relative to the index, stock picks within the health care and consumer discretionary sectors were a weight on results. Since inception over seven years ago, the BGEP has gained 6.1% net of fees, exceeding the 4.6% annual gains for the S&P 500 over the same time period. For details on our firm’s performance results, our investment outlook, and related disclosures, please read the attached [Performance Review](https://broadleafpartners.com/wp-content/uploads/2012/10/3Q12-Performance-Review.pdf).

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