Major Asset Classes - June 2017 - Performance Review

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Includes: CRF, DDM, DIA, DOG, DXD, EEH, EPS, EQL, FEX, FWDD, HUSV, IVV, IWL, IWM, JHML, JKD, OTPIX, PPLC, PPSC, PSQ, QID-OLD, QLD, QQEW, QQQ, QQQE, QQXT, RSP, RWL, RWM, RYARX, RYRSX, SBUS, SCAP, SCHX, SDOW, SDS, SFLA, SH, SMLL, SPDN, SPLX, SPSM, SPUU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU-OLD, SPXV, SPY, SQQQ, SRTY, SSO, SYE, TNA, TQQQ, TWM, TZA, UDOW, UDPIX, UPRO, URTY, USSD, USWD, UWM, VFINX, VOO, VTWO, VV
by: James Picerno

US real estate investment trusts (REITs) rebounded in June, taking the top spot for performance among the major asset classes. MSCI REIT Index gained 2.1%, the strongest monthly gain in four months. For the first half of the year, however, MSCI REIT's 2.7% advance is relatively weak vs. the rest of the field.

Last month's biggest loser: inflation-indexed Treasuries. Bloomberg Barclays Treasury TIPS Index fell 1.0% in June, the benchmark's biggest monthly setback since last November. Year to date, the TIPS index is up fractionally, rising a thin 0.9%.

The overall trend for global markets was positive in June from a market-cap perspective. The Global Market Index (GMI), an unmanaged benchmark that holds all the major asset classes in market-value weights, edged up 0.4% - the seventh consecutive monthly gain. For the year, so far through June, GMI is sitting on a solid 8.5% total return.