Asset Class Scoreboard YTD – Look Who’s Climbing by Attain Capital
Somebody forgot to tell the eight assets classes we track that they are supposed to move in different directions based on different return drivers. They all moved down together in July, back up together in August, then back down together in September…. Except for a little asset class named Managed Futures, which (right on cue) broke away from the others to post positive performance for the month to complete its best quarter since 2008 to move up to the third best performing asset class YTD. Download our “What is Managed Futures,” whitepaper if wondering how they’re able to zig while the stock market zags.
Elsewhere, down trends in Grains and Metals made a long only approach to commodities look less than great, with an almost -6% performance on the year; while Hedge funds have given back some of their gains on the year, and Real Estate remains on top despite being the worst performer of the month.
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The first two months of the third quarter were the best months for D1 Capital Partners' public portfolio since inception, that's according to a copy of the firm's August update, which ValueWalk has been able to review. Q2 2020 hedge fund letters, conferences and more According to the update, D1's public portfolio returned 20.1% gross Read More
(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 (NYSEARCA:BND),
Hedge Funds= IQ Hedge Multi-Strategy Tracker (ETF) (NYSEARCA:QAI)
Commodities = iShares S&P GSCI Commodity-Indexed (ETF) (NYSEARCA:GSG); Real Estate = iShares Dow Jones US Real Estate (ETF) (NYSEARCA:IYR);
World Stocks = iShares MSCI ACWI ex US Index Fund (ETF) (NASDAQ:ACWX);
US Stocks = SPDR S&P 500 ETF Trust (NYSEARCA:SPY)
“The Managed Futures Blog is a compilation of thoughts, research, attempts at humor, and more from the team at Attain Capital Management (“Attain”). Attain pairs high net worth individuals, RIA’s, and institutional investors with alternative investments in commodities, managed futures, and global macro strategies through privately offered funds and managed accounts. Click here to sign up for their insight and analysis.”