Happy August! Hope everyone has some good plans to soak in the last few weeks of summer!
Attached is the monthly index returns sheet we deliver to you each month. For a summary of the returns:
- Global stimulus in the form of monetary and fiscal policy is helping to buoy equity and fixed income markets.
- All fixed income indexes shown are positive for all the time periods shown. This includes high yield, which we know is more correlated to equities than traditional fixed income. Rates across the Treasury yield curve continue to fall with 3 month and 10 year rates dropping to 9 and 55 bps, respectively, at month end.
- For the second consecutive month, emerging market stocks led the way in equities, returning 8.9%, even topping the R1000G, which increased by 7.7% for the month.
- QQQ, which represents the NASDAQ, grew by 7.4% in the month. Keep in mind, however, that the top 5 stocks represented roughly 45% of the index at June month-end (data not yet available for July).
If you have any questions, please contact 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.