Market Matters: April 2021
The risk rally continued in April with broad-based gains across most asset classes.
Real Assets
Investing in 21st Century Infrastructure: Benefiting from the Digital Revolution
21st Century infrastructure: The importance of digitisation has grown during the pandemic, as people have relied more on digital platforms, video streaming, and cloud storage. Investment across the digital infrastructure value chain continues to rise in response, and should increasingly be a priority for real asset investors.
US Manager Universe Statistics: First Quarter 2021
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.
US Real Estate Outlook: Patience Required
This paper discusses recent trends in US commercial real estate fundamentals and looks ahead to what might be in store for the remainder of 2021. Overall, we are reluctant to sound overly bullish about the broad asset class, as the outlook for some sectors is unclear. Still, for investors looking to immediately deploy capital, we highlight two categories of opportunities.
Market Matters: March 2021
Global equity markets advanced in first quarter, as developed markets equities topped emerging markets peers.
Market Matters: February 2021
Risk assets rallied in February as global vaccination efforts progressed and economic momentum strengthened. However, the rally stalled in the latter half of the month amid concerns about a resurgence in inflation. Value stocks trounced growth. Small caps outperformed large caps for the sixth consecutive month. Sovereign bond prices declined amid sharply rising yields, while high-yield bonds advanced and bested investment-grade equivalents. Real assets mostly gained; oil prices reached their highest levels in more than a year, but gold declined at its fastest monthly rate since 2016. Among major currencies, UK sterling advanced, whereas the US dollar and euro were mixed.
US Manager Universe Statistics: Fourth Quarter 2020
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 2021
Global equity markets declined in aggregate in January, but individual markets varied as emerging markets advanced and developed equivalents fell.
Review of Market Performance: Calendar Year 2020
The onset of the COVID-19 pandemic caused steep declines in risk markets in first quarter 2020. Safe-haven assets, such as core sovereign bonds and gold, performed strongly during this period and have held on to much of their gains. Large-scale intervention by both monetary and fiscal authorities eventually put a floor under risk markets, driving rapid recoveries and pushing equity markets to new highs.
Market Matters: December 2020
The risk rally continued in fourth quarter, bolstered by COVID-19 vaccine progress and multiple new stimulus measures.