June was not a pretty month to be an investor – no matter the asset class, with all of the asset classes we track seeing losses for the month. At the half way point of the year, however; most asset classes remain positive for the year – with the notable exceptions of “safe” bonds and “risky” commodities.
As for Managed Futures and their bid to break a 2 year losing streak – they put in a positive first half of the year for the first time since 2010! While we would all hope that would have been higher, we’ll take what we can get at this point. Other mid-year items of note include Real Estate, which is up slightly on the year – but was down -4% in June and -6% in May; and the divergence in US and World stocks (up 12.6% for US Stocks, and just over 1% for World Stocks).
Disclaimer: past performance is not necessarily indicative of future results.
Managed Futures = Newedge CTA Index, Cash = 13 week T-Bill rate,
Bonds = Vanguard Total Bond Market ETF (BND), Hedge Funds = DJCS Broad 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