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 |
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