US real estate investment trusts (REITs) remained the performance leader among the major asset classes in the first month of the new year. The MSCI REIT Index climbed a strong 6.8% in January (total return); for the trailing one-year period, US REITs are up a sizzling 33.5%. Meanwhile, January’s biggest loser: foreign high-yield bonds, which tumbled 5.7%, based on the Markit Global ex-US High Yield Index. As for US stocks, the new year arrived with a thud for the formerly soaring asset class: the Russell 3000 Index shed 2.8% last month.
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Daily Archives: February 2, 2015
Initial Guidance | 2 February 2015
● China Mfg PMI: Operating conditions deteriorate fractionally in Jan | Markit
● Germany Mfg PMI: Output,new orders rise at slightly stronger rates | Markit
● Eurozone Mfg PMI: Output ticks higher at start of 2015 | Markit
● Oil prices fall on weak Chinese data, U.S. refinery strikes | Reuters
● MNI Survey: Japan Q4 GDP +3.7% Annualized, 1st Rise in 3 Qtrs | MNI
● US Demographics and GDP: 2% is the new 4% | Calculated Risk