Anchor Pacific’s December 2023 investment scorecard. See asset class performance, 3-year asset class risk and return, macro summary (key index levels and rates), and yield curves.
To download the complete Monthly Investment Scorecard, please click on the link below:
Summary of Returns
Month-over-Month
Positive returns for 19 of 20 asset classes
Top 3
US Small Cap Equities 12.13% | US REITs 9.45% | US Long Term Treasury Bonds 8.69%
Bottom 3
Commodities (3.00%) | Emerging Markets Broad (C$) 0.65% | Gold 1.28%
Canadian Markets
Equities 3.89% | Bonds 3.56% | IG Credit 3.36% | CAD 2.37%
Past 3 months
Positive returns for 19 of 20 asset classes
Top 3
US REITs 18.23% | US Small Cap Equities 13.98% | US Long Term Treasury Bonds 12.94%
Bottom 3
Commodities (10.88%) | Canadian Dollar 2.58% | Emerging Markets Broad (C$) 4.18%
Canadian Markets
Equities 8.11% | Bonds 8.29% | IG Credit 8.02% | CAD 2.58%
Past 12 months
Positive returns for 19 of 20 asset classes
Top 3
US Large Cap Equities 26.18% | International Developed Equities (EAFE) 17.93% | US Small Cap Equities 16.83%
Bottom 3
Commodities (5.51%) | US Long Term Treasury Bonds 2.77% | US Inflation Protected Bonds 3.80%
Canadian Markets
Equities 11.73% | Bonds 6.64% | IG Credit 8.30% | CAD 3.94%
Macro Summary (Key Index Levels and Rates)
US Yields
10 year Government 3.88% (49 bps lower)
30 year Government 4.03% (51 bps lower)
Yield Curve (3m-10y) (152 bps) (flatter by 44 bps)
High Yield spread 339 bps (tighter by 45 bps)
Volatility (VIX): 12.45 ( (3.64%) M-O-M, (28.94%) from 3 months ago)
Oil: $71.65 ( (5.67%) M-O-M, (21.08%) from 3 months ago)
Gold: $2,071.80 (1.65% M-O-M, 9.89% from 3 months ago)
USD / EURO: € 0.91 (Euro stronger by 1.35% M-O-M, stronger by 4.20% from 3 months ago)
USD / Yen: ¥141.04 (Yen stronger by 4.82% M-O-M, stronger by 5.56% from 3 months ago)
*Information above is from 2023.12 Investment Scorecard
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