Market Matters: April 30, 2024
Global equities and bonds declined in tandem in April, driven by diminished prospects for Federal Reserve rate cuts.
Currency
Market Matters: March 31, 2024
Equity markets posted strong returns in Q1.
Decades of Data: United States 1900–2023
The 2023 US edition of our annual report on the history of financial markets provides context for the range of returns investors can expect from equities, bonds, and cash; reveals the importance of various components of equity returns; examines the evidence for equity mean reversion; and reviews the relationship between initial valuations and subsequent returns for equities and bonds.
Should Investors Chase the Bitcoin and Gold Rallies?
No. While recent developments may be a sign that bitcoin is gaining credibility, it remains a highly speculative investment that offers no cash flows.
Market Matters: February 29, 2024
Equity markets continued climbing in February.
2024 New Zealand Outlook: A Slow Road Ahead
Our outlook for New Zealand is mixed in 2024. We expect economic growth and equity market to remain muted. In contrast, we remain positive on New Zealand government bonds.
US Manager Universe Statistics: Fourth Quarter 2023
This publication presents manager performance for 37 asset classes and substrategies, showing the median, mean, and key percentiles of return. Relevant indexes for each asset class are also included to provide market context.
Market Matters: January 31, 2024
Equity markets continued to climb in January, led by developed markets equities, where Japan and Europe ex UK outperformed.
Review of Market Performance: Calendar Year 2023
Risk assets enjoyed mostly positive returns in CY 2023. Developed markets equities led as fears over the severity of a possible recession moderated and inflation declined.
SEC Approves Spot Bitcoin ETFs
Yesterday, the US Securities and Exchange Commission (SEC) approved the trading of spot bitcoin ETFs, roughly ten years after the first application.