Foreign Property Shares Led Markets By Wide Margin Last Week

All the major asset classes are posting one-year gains at the moment. The softest increase: investment-grade bonds in the US via Vanguard Total Bond Market (BND), which closed with a 6.9% total return on Friday vs. its year-ago price.

GMI.F is up 51.4% for the past year.

Looking at global markets through a drawdown lens, foreign stocks in developed markets are currently posting the smallest drawdown for the major asset classes. VEA closed on Friday with a slight 0.6% peak-to-trough decline.

The deepest drawdown is still found in broadly defined commodities via GCC. The ETF is down 35.6% from its previous high.

GMI.F’s current drawdown is a modest 1.4% slide from the previous peak.

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Disclosures: None.

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