June was mostly a slow month for most of the asset classes. In the stock market, there was a blip of movement (one day down 1.5%), but in this relentless bull market, it felt like a 10% correction. Still, stocks managed to pull out 61 basis points on the month for six straight months of positive returns. World Stocks continue to separate itself from the group, now 4.7% above U.S. based stocks.
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Meanwhile, long-only commodity strategies have recorded six straight months of negative performance, for a combined YTD performance of -10.62%. Finally, Managed Futures had its worst month in 2017, down -2.83% on the month, down -2.86% YTD. As we enter the second half of 2017, it will be interesting to see how long these market trends are going to persist.
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Source: All ETF performance data from Morningstar.com
Sources: Managed Futures = SocGen CTA Index, Cash = 13 week T-Bill rate,
Bonds = Vanguard Total Bond Market ETF (BND),
Hedge Funds= IQ Hedge Multi-Strategy (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)
Article by RCM Alternatives
