NEW YORK, June 5, 2017 /PRNewswire/ -- S&P Investment Advisory Services LLC ("SPIAS"), a wholly owned subsidiary of S&P Global Inc., and a part of S&P Global Market Intelligence, anticipates that the S&P 500® index should continue to increase from existing levels through next year. As a result, SPIAS is raising its one-year target to 2,575 and also anticipates corresponding increases from existing levels in multi-asset class performance and in the total-return of large-cap equities in the coming year, while seeing more modest returns for investment grade bonds.

Existing macro-fundamentals that include sustained moderate U.S. and global GDP growth, against an environment of low global inflation, should continue to be a driver of attractive total-returns across multiple asset classes. Global stock market performance remains strong year-to-date, although a large gap does exist between S&P 500 growth-oriented stocks, 12.2%, and Value, 5.9%, according to SPIAS.

The last S&P 500 index 12-month price target by SPIAS was 2,340, which was set in Oct. 2016, and was achieved on Feb. 15, 2017.

The SPIAS Investment Policy Committee (IPC) regularly meets on a weekly basis to discuss economic fundamentals, market valuations, and the outlook for domestic and global financial markets. SPIAS provides non-discretionary advisory services to institutional clients and does not provide advice to underlying clients of the firms to which it provides advisory services. SPIAS does not act as a "fiduciary" or as an "investment manager", as defined under Employee Retirement Income Security Act (ERISA), to any investor. To learn more about the group, please visit www.spiasllc.com.

This information is not intended to be investment advice and does not constitute any form of an invitation or inducement by SPIAS to engage in investment activity. This information is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Any performance information quoted represents past performance. Past performance is not indicative of future returns.

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SOURCE S&P Global Market Intelligence