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Major Asset Classes | July 2020 | Performance Review

Summary:
Stocks in emerging markets continued to lead the major asset classes in July’s performance horse race. This slice of global shares delivered the strongest return for a second straight month. The MSCI Emerging Markets Index rose a strong 8.9% last month on a net total-return basis, marking the fourth consecutive monthly gain for this corner of global shares. Emerging markets overall are still posting a slight loss on a year-to-date basis, but the hole dug by the coronavirus crash in March has effectively been filled as of July’s close. 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 Overall, July was a strong month for risk assets with all the major asset classes posting

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Stocks in emerging markets continued to lead the major asset classes in July’s performance horse race. This slice of global shares delivered the strongest return for a second straight month.

The MSCI Emerging Markets Index rose a strong 8.9% last month on a net total-return basis, marking the fourth consecutive monthly gain for this corner of global shares. Emerging markets overall are still posting a slight loss on a year-to-date basis, but the hole dug by the coronavirus crash in March has effectively been filled as of July’s close.


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


Overall, July was a strong month for risk assets with all the major asset classes posting gains (including cash, which eked out a fractional 0.2% advance, based on the S&P US T-Bill 0-3 Month Index).

US equities were among the stronger performers last month. The Russell 3000 Index, a broad measure of American shares, rose 5.7% on total return basis. For 2020 to date, the index is up by a modest 2.0%.

Major Asset Classes | July 2020 | Performance Review

The Global Market Index’s revival rolled on in July. This unmanaged benchmark (maintained by CapitalSpectator.com), which holds all the major asset classes (except cash) in market-value weights, rose 4.3% last month. The increase marks the fourth straight monthly advance for the benchmark. On a year-to-date basis, GMI is again in positive territory with a slight 0.8% total return.

For the trailing one-year window, GMI’s rally is considerably stronger, posting a 7.3% total return vs. the year-ago level. US stocks (Russell 3000) and US bonds (Bloomberg Aggregate Bond) are doing even better on a one-year basis through July’s close, rising 10.9% and 10.1%, respectively.

Major Asset Classes | July 2020 | 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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