Anchor Pacific’s July 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 16 of 20 asset classes
Top 3
Commodities 10.83% | US Small Cap Equities 6.11% | Emerging Markets Broad 5.88%
Bottom 3
US Long Term Treasury Bonds (2.54%) | Canadian Total Bond Market (1.27%) | Canadian IG Credit (0.31%)
Canadian Markets
Equities 2.53% | Bonds (1.27%) | IG Credit (0.31%) | CAD 0.62%
Past 3 months
Positive returns for 13 of 20 asset classes
Top 3
US Small Cap Equities 13.73% | US Large Cap Equities 10.47% | Commodities 8.49%
Bottom 3
US Long Term Treasury Bonds (5.28%) | Canadian Total Bond Market (2.81%) | Canadian IG Credit (1.54%)
Canadian Markets
Equities 0.74% | Bonds (2.81%) | IG Credit (1.54%) | CAD 3.24%
Past 12 months
Positive returns for 11 of 20 asset classes
Top 3
International Developed Equities (EAFE) 13.98% | US Large Cap Equities 12.93% | Gold 11.12%
Bottom 3
US Long Term Treasury Bonds (12.29%) | US REITs (9.79%) | Commodities (5.80%)
Canadian Markets
Equities 8.03% | Bonds (1.89%) | IG Credit (1.16%) | CAD (1.36%)
Macro Summary (Key Index Levels and Rates)
US Yields
10 year Government 3.97% (16 bps higher)
30 year Government 4.02% (17 bps higher)
Yield Curve (3m-10y) (158 bps) (further inverted by 4 bps)
High Yield spread 379 bps (tighter by 26 bps)
Volatility (VIX): 13.63 (0.29% M-O-M, (13.62%) from 3 months ago)
Oil: $81.80 (15.80% M-O-M, 6.54% from 3 months ago)
Gold: $2,009.20 (4.14% M-O-M, (0.45%) from 3 months ago)
USD / EURO: € 0.91 (Euro stronger by 0.76% M-O-M, weaker by 0.24% from 3 months ago)
USD / Yen: ¥142.28 (Yen stronger by 1.41% M-O-M, weaker by 4.40% from 3 months ago)
*Information above is from 2023.07 Investment Scorecard
