Asset formula

Asset Class Dashboard: April 2022

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Look who is at the TOP!!

It’s been a while…so thank you for the courtesy of a little honor lap. And boy, is this time different. Managed futures generally work well in times of market stress when all risk assets are correlated, driving markets like energies, grains and metals lower alongside equities, all with a nice boost in bonds being a flight to safety. This time it’s all mixed up, with stocks falling like any other market down period – only this time commodities are up and bonds are also down. It’s carnage in the old 60/40 world… with this so-called diversified approach down about -12% on the year. Ouch.

Meanwhile, hedge funds (according to our proxy) continue to act as a different flavor of the stock market while commodities continue their relentless inflationary march higher. Eight more months will keep us all on our toes. Stay safe in these red markets.

Asset class

Past performance does not represent future results.

Asset class performance

Past performance does not represent future results.

Sources: Managed Futures = SocGen CTA Index,
Cash = US T-Bill 13 weeks coupon equivalent annual rate/12, with YTD the sum of each month’s value,
Bonds = Vanguard Total Bond Market ETF (NYSEARCA:BND),
Hedge Funds = IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)
Commodities = iShares S&P GSCI Commodity-Indexed Trust ETF (NYSEARCA:GSG);
Real Estate = iShares US Real Estate ETF (NYSEARCA: IYR);
Global Equities = iShares MSCI ACWI ex-US ETF (NASDAQ:ACWX);
US Stocks = SPDR S&P 500 ETF (NYSEARCA:SPY)

All ETF performance data from YCharts

Warning
The performance data displayed here is compiled from various sources, including BarclayHedge, and reports directly from advisors. These performance figures should not be relied upon independently of the Individual Advisor Disclosure Document, which contains important information regarding the calculation method used, whether or not the performance includes proprietary results, and other footnotes important to the advisor’s background.

The performance of the benchmark index relates only to the constituents of this index and does not represent the complete universe of possible investments within this asset class. And further, there may be limitations and biases in indices such as survival, self-report, and snapshot history.

Managed term accounts can be subject to substantial fees for management and advisory fees. The numbers on this website include all of these fees, but accounts subject to these fees may need to make substantial trading profits in the future to avoid depleting or depleting their assets.

Investors wishing to invest in a managed futures program (except for programs that are offered exclusively to Qualified Eligible Persons, as that term is defined by CFTC Rule 4.7) will be required to receive and sign a information in accordance with certain CFT rules. The disclosure documents contain a full description of the main risk factors and each charge to be charged to your account by CTA, as well as the composite performance of accounts under CTA’s management over the past five years or more. Investors interested in investing in any of the programs on this website are urged to carefully read such disclosure materials, including but not limited to performance information, before investing in such programs. .

Investors who are Qualified Eligible Persons as that term is defined in CFTC Rule 4.7 and who wish to invest in a program exempt from the requirement to provide a disclosure document and considered by regulation to be sufficiently sophisticated to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on assets in an account. The listed manager may also pay back to RCM part of the commissions that he receives on the accounts presented to him by RCM.

See full terms of service and disclaimer here.

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Editor’s note: The summary bullet points for this article were chosen by the Seeking Alpha editors.


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