Market Matters: August 31, 2023
Most asset classes declined in August as higher bond yields and mixed economic signals weighed on risk appetite.
Real Assets
Review of Market Performance: Fiscal Year 2023
Risk assets enjoyed mostly positive returns in fiscal year 2023. Equities rebounded as fears over the severity of a possible recession moderated. Emerging markets equities lagged developed markets as the pace of reopening in China disappointed. Bond performance improved as credit assets posted positive returns but developed markets sovereign bonds struggled. Real assets suffered due to higher interest rates and slowing demand.
Market Matters: July 31, 2023
Risk assets rallied in July as slowing inflation and pockets of economic resilience supported performance.
Is Now a Good Time to Invest in the Energy Transition?
Yes, the transition to a low-carbon economy is producing a myriad of productive ways to put capital to work.
Market Matters: June 30, 2023
Performance was mixed in second quarter as several crosscurrents painted an uncertain outlook.
Market Matters: May 31, 2023
Risk assets generally declined in May, with real assets posting the lowest returns across broad categories.
US Real Estate Faces Challenges, But Opportunities Exist
Commercial real estate is not immune to economic cyclicality, and we think the sector will be challenged through an economic downturn. However, we think cyclical pressures will likely create opportunities in select sectors and advise investors to selectively invest in these areas to benefit from a rebound during the recovery.
The Business Cycle’s Impact on Asset Performance
Asset performance is highly sensitive to the global business cycle. In this chart book, we highlight the significant shifts in performance distributions across the global business cycle for major asset classes, including equity regions, styles, sectors as well as for fixed income, real asset and currencies. Ultimately, understanding the distributions of asset performance across business cycle stages and considering where the global economy is headed are key inputs in a rigorous investment decision-making framework.
US Manager Universe Statistics: First 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: April 30, 2023
Risk assets generally advanced in April.