ECAT - BlackRock ESG Capital Allocation Term Trust Q4 2024 Commentary
2025-03-27 13:45:00 ET
Summary
- Strong U.S. economic data led to a steep rise in U.S. Treasury yields early in the quarter, putting downward price pressure on both stocks and bonds.
- Global stocks, as measured by the MSCI World Index, fell -0.2% during Q4’24, with dispersion across equities.
- Despite most global equity indexes being slightly down for the quarter, there were a few areas that generated positive results. U.S. Consumer discretionary companies are an example, as they can benefit from robust spending levels.
Market Commentary 1
Market Index Returns * |
Stocks |
Q4 2024 (%) |
YTD (%) |
Bonds |
Q4 2024 (%) |
YTD (%) |
U.S. Large Cap |
2.4 |
25.0 |
U.S. 10-Year Treasuries |
-5.2 |
-1.7 |
U.S. Small Cap |
0.3 |
11.5 |
U.S. Municipals |
-1.0 |
1.3 |
Global |
-0.2 |
18.7 |
U.S. Investment Grade |
-2.8 |
2.8 |
Europe |
-9.6 |
2.2 |
U.S. High Yield |
0.2 |
8.2 |
China |
-3.1 |
13.0 |
U.S. Aggregate |
-3.1 |
1.3 |
Japan |
-3.7 |
8.4 |
International Sovereign |
-7.1 |
-5.3 |
Emerging Markets ((EM)) |
-7.9 |
8.0 |
EM Sovereign |
-2.3 |
6.2 |