February 2024 Monthly Index Returns

Happy March!

In stocks (equities):

• Stocks were mainly positive for the month with the exception of Intl small cap value (-0.8%) and non-US REITs (-5.6%).
• The S&P 500 closed over the 5,000 index level for the first time in February, and reached a new closing high level to end the month.
• Other record highs were also reached during February in the tech-heavy Nasdaq, in the Japanese Nikkei index 34 years after setting its previous high (yes, you read that right….34 years!), as did Europe’s Stoxx 600 index.
• Emerging market stocks gained 4.8% for the month, outperforming their developed peers that rose 1.7%.

In fixed income (bonds):

• Bonds were again mixed for the month with positive returns only coming from cash, ST and IT munis, and high yield.
• Stubborn inflation concerns caused US Treasury interest rates to rise across the curve over the month. Correspondingly, we witnesses negative US Treasury index returns.
• Global bonds ex-US (hedged to US) fell only -0.1% during February,

As always, please let us know if you have any questions.

Please let us know if you have any questions by emailing Support@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.