A historic November rally showed up across all of the asset classes this month. You’d be hard pressed not to have read a story on the killer month that US & World Stocks saw after vaccine news and the final consensus on a U.S. President – and that is reflected in their performance in the month at large topping our charts at +10.88% and +12.61% respectively. Commodities also saw a big bump from continued purchases from China as their communities slowly open back up and ramp up big buys from US farmers. Managed futures had a good month ending out at +1.36%, but remain just below the break even line for 2020 as a whole. Rounding the corner with one more month to top off year end performance, we’re looking forward to more vaccine news and easing of Coronavirus regulations to make big impacts on the asset classes for December.
Q3 2020 hedge fund letters, conferences and more
Past performance is not indicative of future results.
Past performance is not indicative of future results.
Sources: Managed Futures = SocGen CTA Index,
Cash = US T-Bill 13 week 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 U.S. Real Estate ETF (NYSEARCA:IYR);
World Stocks = iShares MSCI ACWI ex-U.S. ETF (NASDAQ:ACWX);
US Stocks = SPDR S&P 500 ETF (NYSEARCA:SPY)
All ETF performance data from Yahoo Finance.
Article by RCM Alternatives
