Asset Class Scoreboard – YTD

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Asset Class Scoreboard – YTD

Asset Class Scoreboard – YTD by Attain Capital

If Newton were to offer investment advice it might go something like this… “For every investment theory, this is an equal and opposite investment theory” … Or something like that. The old “Sell in May” theory juxtaposed against nearly every asset class seeing gains in May seems to be a perfect case in point:

(Disclaimer: Past performance is not necessarily indicative of future results)

This mining and metals fund is having a strong year so far

Cubic Corporation Chris Hohn favorite hedge fundsThe Delbrook Resources Opportunities Master Fund was up 9.2% for May, bringing its year-to-date return to 33%. Q1 2021 hedge fund letters, conferences and more Dellbrook is an equity long/ short fund that focuses exclusively on the metals and mining sector. It invests mainly in public companies focused on precious, base, energy and industrial metals Read More


Asset class scoreboard

(Disclaimer: past performance is not necessarily indicative of future results.)
Source: All ETF performance data from Morningstar.com
Sources: Managed Futures = Newedge CTA Index, Cash = 13 week T-Bill rate
Bonds = Vanguard Total Bond Market ETF (BND),
Hedge Funds= IQ Hedge Multi-Strategy Tracker ETF (QAI)
Commodities = iShares GSCI ETF (GSG); Real Estate = iShares DJ Real Estate ETF (IYR);
World Stocks = iShares MSCI ACWI ex US Index Fund ETF (ACWX);
US Stocks = SPDR S&P 500 ETF (SPY)

Quick Notes:

1) Managed Futures is finally over the breakeven point on the year.

2) Should Gundlach be worried about his short housing market call?

3) What’s going on with bonds moving in the same direction as stocks?

4) Are these monthly numbers an example of a “complacent market?”

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