Equities and fixed-income securities in emerging markets took the lead last week, posting the biggest gains among the major asset classes, based on a set of exchange-traded products. Meanwhile, US stocks fell for a second week, the first back-to-back weekly losses in three months, based on Vanguard Total Stock Market (VTI).
Last week’s top performer: Vanguard FTSE Emerging Markets (VWO), which rose 1.5%. Bonds in emerging markets were the second-best performer, posting a 1.0% gain. Last week’s increase lifted Van Eck Vectors JP Morgan Emerging Market Local Currency Bond (EMLC) to its highest close in a year-and-a-half.
The biggest loser last week: foreign corporate bonds. PowerShares International Corporate Bond Portfolio (PICB) slumped 0.8%, marking the ETF’s first weekly loss in more than a month.
In the one-year column, foreign equities in developed markets continue to hold the lead. Vanguard FTSE Developed Markets (VEA) is ahead by 14.7% for the trailing 12-month change, just slightly ahead of the number-two performer: Vanguard FTSE Emerging Markets (VWO).
Broadly defined commodities remain in last place for the one-year return among the major asset classes. iPath Bloomberg Commodity Index Total Return (DJP) is off 4.5% as of last week’s close vs. the year-earlier price.
|Foreign Stocks Devlp’d Mkts (VEA)||0.4||16.6||14.7||3.2||8.5|
|Emg Mkt Stocks (VWO)||1.5||21.2||14.4||0.9||3.6|
|US Stocks (VTI)||-0.7||8.7||12.9||8.6||13.6|
|Foreign Junk Bonds (IHY)||0.0||9.8||8.3||2.7||6.0|
|US Junk Bonds (JNK)||0.1||4.4||6.5||2.1||4.6|
|Foreign REITs (VNQI)||0.2||17.5||5.8||3.3||7.4|
|Emg Mkt Gov’t Bonds (EMLC)||0.9||12.5||4.5||-1.9||-1.0|
|Foreign Invest-Grade Corp Bonds (PICB)||-0.8||11.0||0.3||-1.5||1.9|
|US Bonds (BND)||0.0||3.2||-0.2||2.6||2.3|
|US TIPS (TIP)||-0.3||1.8||-0.3||0.8||0.4|
|Foreign Gov’t Inflation-Linked Bonds (WIP)||-0.7||9.6||-0.6||-1.8||0.5|
|Foreign Devlp’d Mkt Gov’t Bonds (BWX)||-0.2||9.6||-2.9||-1.3||0.0|
|US REITs (VNQ)||0.1||1.3||-3.5||6.4||8.8|
Note: 3- and 5-year returns are annualized