SPY - Asset Class Scoreboard: March 2024
2024-04-09 10:05:00 ET
Summary
- March wasn’t all positive for the asset class scoreboard, where the scoreboard was split with gains and mild drawdowns, but all landed above the red.
- Commodities led returns at +4.45%, driven higher by resilient demand for energy and materials.
- Hedge funds captured +1.44%, Bonds gained +0.85%, and cash held the steady course for a repeating +0.45%.
March wasn’t all positive for the asset class scoreboard, where the scoreboard was split with gains and mild drawdowns, but all landed above the red. Commodities led returns at +4.45%, driven higher by resilient demand for energy and materials. Managed futures strategies delivered solid outperformance of +3.20% through wary exposures. Their flexible mandates rattled dynamic long-short positioning tailored to fluctuating markets. U.S. Stocks took a slight hit and fell to +3.27%, while developed international markets progressed to +3.31%. Hedge funds captured +1.44%, Bonds gained +0.85%, and cash held the steady course for a repeating +0.45%. Real estate recovered further with a +1.85% advance, indicating property values steadied amid monetary adjustments. The span across asset classes pointed to maintained risk appetite globally....
Asset Class Scoreboard: March 2024