Asset Class Scoreboard: January 2013

January may have been a decent start our favorite asset class, but half of the proxies we use to track various asset classes started the year at a full sprint. Cash was cash, bonds were down (continuing the downtrend), and the rest fell into two groups: stocks, commodities, and real estate rose in the 4-5% range, while both hedge funds and managed futures ended the month up around 1.5%. (Disclaimer: past performance is not necessarily indicative of future results.) As tough as it can be at times to keep waiting, this is how managed futures is supposed to operate – modest gains (or, as we saw last year, losses) when times are good for everyone else, and outsized gains when everyone else is scrambling for the life preservers.

Managed Futures = Newedge CTA Index, Cash = 13 week T-Bill rate,

Bonds = Vanguard Total Bond Market ETF (BND), Hedge Funds = DJCS Core Hedge Fund Index

Commodities = iShares GSCI ETF (GSG), Real Estate = iShares DJ Real Estate ETF (IYR)

World Stocks = MCSI World Index (ex USA), US Stocks = S&P 500

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The performance data displayed herein is compiled from various sources, including BarclayHedge, RCM's own estimates of performance based on account managed by advisors on its books, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

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