Market Matters: November 2020
Global equities ascended to new all-time highs in November, delivering their best monthly return since 1975.
Real Assets
Market Matters: October 2020
Risk assets generally sold off in October, but investors found little respite in traditional safe-haven assets.
US Manager Universe Statistics: Third 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.
Is Distressed Real Estate Actionable Today?
Yes, but the opportunity set is currently limited.
Market Matters: September 2020
Risk assets rallied again in third quarter, notwithstanding declines in September.
Market Matters: August 2020
Global equities surged higher in August.
Should Investors Trim Gold Exposure, Given the Rally in Prices?
Yes, investors who have made tactical bets in gold should consider scaling back their positions and locking in some gains.
Market Matters: July 2020
Global risk assets advanced in July, extending the prolonged market rally that began in late March.
US Manager Universe Statistics: Second 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.
Review of Market Performance: Fiscal Year 2020
While US-China tensions began to slowly de-escalate in the the first half of FY 2020, the arrival of the COVID-19 pandemic in the second half upended the investment landscape. Gold and US Treasuries were the big winners as investors rushed into safe havens, while central banks cut rates and expanded QE programs. Equities have mounted a remarkable comeback, while real assets generally remain quite depressed. This chart book presents returns and other market metrics for fiscal year 2020.