As the second quarter began last week, Real Estate jumped ahead of US Stocks, while Commodities took a tumble and International Stocks continued to loose steam.
Emerging Markets were down 2.6% last week, and the World x US was down 1.5%. The US was also down 1%, but it remains up almost 9% for the year, leaving Africa as the only better performing world region we track.
In the US, the defensive Healthcare, Consumer Staples & Utilities sectors are leading. At the same time, Mid Cap Value and Large Cap Value are leading the US style boxes for the year, up 11.4% and 10.4%, respectively, while growth styles are trailing.
Keith Hays & Justin Wood
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