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Major Asset Classes | November 2019 | Performance Review

Summary:
The US stock market was the clear performance leader for the major asset classes in November. The strong gain in American shares was all the more striking in a month that was otherwise skewed to the downside. US companies, however, roared higher last month. The Russell 3000 Index jumped 3.8%, delivering its best gain since June. Year to date, the index is up 27.3%, which is also the leading performance for the major asset classes so far in 2019. The second-best performer in November: foreign stocks in developed markets. The MSCI EAFE gained 1.1%, marking its third straight monthly increase. Learn To Use R For Portfolio Analysis Quantitative Investment Portfolio Analytics In R: An Introduction To R For Modeling Portfolio Risk and Return By James Picerno Most of the major asset classes

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The US stock market was the clear performance leader for the major asset classes in November. The strong gain in American shares was all the more striking in a month that was otherwise skewed to the downside.

US companies, however, roared higher last month. The Russell 3000 Index jumped 3.8%, delivering its best gain since June. Year to date, the index is up 27.3%, which is also the leading performance for the major asset classes so far in 2019.

The second-best performer in November: foreign stocks in developed markets. The MSCI EAFE gained 1.1%, marking its third straight monthly increase.


Learn To Use R For Portfolio Analysis
Quantitative Investment Portfolio Analytics In R:
An Introduction To R For Modeling Portfolio Risk and Return

By James Picerno


Most of the major asset classes lost ground last month. The biggest loser: broadly defined commodities. The Bloomberg Commodity Index shed 2.6%. Despite the latest loss, commodities are holding on to a mild 2.5% year-to-date gain.

Major Asset Classes | November 2019 | Performance Review

Although most markets backtracked in November, the Global Market Index (GMI) posted a monthly gain. This unmanaged benchmark that holds all the major asset classes (except cash) in market-value weights rose 1.7% last month, thanks to gains in its US and developed-market equity components.

For the trailing one-year window, GMI is up a strong 12.7% (red line in chart below), modestly behind US equities (Russell 3000) and ahead of US investment-grade fixed income (Bloomberg Aggregate US Bond Index).

Major Asset Classes | November 2019 | Performance Review


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James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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