Anchor Pacific’s May 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 2 of 20 asset classes
Top 3
US Large Cap Equities 0.46% | Canadian Dollar (0.05%) | Hedge Funds (0.65%)
Bottom 3
Commodities (6.23%) | Canadian Equities (4.90%) | US REITs (3.96%)
Canadian Markets
Equities (4.90%) | Bonds (1.64%) | IG Credit (1.55%) | CAD (0.05%)
Past 3 months
Positive returns for 14 of 20 asset classes
Top 3
Gold 7.39% | US Large Cap Equities 5.85% | US IG Credit 2.63%
Bottom 3
Commodities (8.07%) | US Small Cap Equities (7.32%) | US REITs (5.74%)
Canadian Markets
Equities (2.36%) | Bonds 1.38% | IG Credit 1.09% | CAD 0.97%
Past 12 months
Positive returns for 8 of 20 asset classes
Top 3
US Large Cap Equities (C$) 9.98% | International Developed Equities (EAFE-C$H) 7.33% | Gold 6.53%
Bottom 3
Commodities (25.44%) | US REITs (15.86%) | US Long Term Treasury Bonds (9.19%)
Canadian Markets
Equities (2.52%) | Bonds 0.90% | IG Credit 2.45% | CAD (5.75%)
Macro Summary (Key Index Levels and Rates)
US Yields
10 year Government 3.64% (20 bps higher)
30 year Government 3.85% (18 bps higher)
Yield Curve (3m-10y) (188 bps) (further inverted by 22 bps)
High Yield spread 469 bps (wider by 16 bps)
Volatility (VIX): 17.94 (13.69% M-O-M, (13.33%) from 3 months ago)
Oil: $68.09 ( (11.32%) M-O-M, (11.63%) from 3 months ago)
Gold: $1,982.10 ( (0.85%) M-O-M, 6.96% from 3 months ago)
USD / EURO: € 0.94 (Euro weaker by 3.11% M-O-M, stronger by (1.05%) from 3 months ago)
USD / Yen: ¥139.34 (Yen weaker by 2.25% M-O-M, weaker by 2.31% from 3 months ago)
*Information above is from 2023.05 Investment Scorecard
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