Despite much uncertainty in the minds of many investors with respect to the path of interest rate hikes in the U.S., the ultimate impact of Brexit on England, Europe and the rest of the global economy and the outcome of the upcoming presidential election in the U.S., one thing remains certain thus far in 2016 -- market leadership continues to change and evolve. We have observed some of these changes in areas such as market capitalizations, styles (i.e., Growth à Value), sectors, fixed income and geographies. Investors should be mindful of these areas of changing market leadership as they review their asset allocation strategies for the second half of 2016 and beyond. This review can also help ensure that these investors have the diversification in place to withstand potential future periods of heightened volatility as well as the breadth of asset classes and sectors to assist in delivering