Market Matters: February 29, 2024
Equity markets continued climbing in February.
Currency
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.
Market Matters: December 31, 2023
Risk assets soared in Q4, sending calendar-year returns for several asset classes to multiyear highs.
US Manager Universe Statistics: Third 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.
2024 Outlook: Currencies
We expect the US dollar and gold will more or less hold their values, given our economic expectation and the many geopolitical risks. We believe the yen will appreciate, and we expect the thawing crypto winter will fully transition to a spring.
Market Matters: November 30, 2023
Global equities enjoyed a blockbuster month, up 8%, led by the United States.