October 2022 Monthly Index Returns

I hope everyone had a Happy Halloween.  Fortunately, while most fixed income indexes were still down in October, equity indexes were less spooky (and mostly positive).

In equities:

  • The MSCI ACWI World gained 6.0% for the month, though YTD returns are still in bear market territory (-21.1%)
  • US indexes led the way as small cap value jumped 12.6%
  • MSCI EAFE (5.4%) and EAFE Small Cap (4.2%) were positive but Emerging Markets (-3.1%) and Frontier Markets (-4.3%) were negative for the month.
  • All equity indexes shown are negative YTD and for the last 12 months.

In fixed income:

  • It continues to be a duration story as rates rose across the entire Treasury curve over the month.  However, rates did fall at month end from their highs earlier in the month for the 3 Yr Treasury and longer.  For example, the 10 Yr Treasury ended the month at 4.10% after hitting 4.25% just a week earlier. 
  • For the month, only the 3 month Tbill (0.2%), Bloomberg Global Agg ex-US (hedged USD) (0.5%), ST TIPS (1.0%), and HY(2.6%) generated positive returns.
  • Munis continued to outperform their Treasury and Corporate counterparts.

As always, please let us know if you have any questions by emailingsupport@xyinvestmentsolutions.com.

As an additional note, please keep in mind that these reflect historical performance of the current models, not necessarily how accounts were invested in the past.

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