Global markets woke up at beginning of year including U. S.
2023.02.01 12:04
Global markets woke up at beginning of year including U. S.
Based on a group of proxy ETFs, commodities were the only major asset class that lost ground last month despite a very good month for stock markets worldwide.
NYSE: Vanguard U.S. Real Estate increased by more than ten percent in the first month of 2023. The increase makes up for some of the damage that the ETF suffered in the previous year, when it posted a loss of 26%, which was the biggest drop for major asset classes in 2022.
The sole defeat in January was: commodities. The iShares S&P GSCI Commodity-Indexed Trust (NYSE) experienced a minor setback: The fund’s recent gains were barely undone last month. GSG experienced a significant increase in 2022. Commodities were an upside outlier last year, with the exception of a modest gain for cash ().
In January, the Global Market Index (GMI) experienced a significant rebound. CapitalSpectator.com maintains this unmanaged benchmark, which includes all major asset classes with the exception of cash and serves as a competitive benchmark for portfolios with multiple asset classes. Last month, GMI increased by 6.6%, more than making up for its loss in the final month of last year.
When looking at GMI’s performance over the past year in comparison to U.S. stocks () and bonds (), it’s clear that recent rebounding performances have been closely aligned. These investment benchmarks’ outcomes will undoubtedly diverge over the coming months, but as risk assets recover, there is currently an unusually close relationship.
