The first full week of trading in June took a bite out of most markets. Only US real estate investment trusts (REITs) and broadly defined commodities bucked the downward trend for the major asset classes last week, based on a set of representative exchange-traded products.
Vanguard REIT (NYSE:VNQ) posted the strongest performance for the week through June 9. The fund inched up 0.2%, marking VNQ’s fourth straight weekly advance.
The broadly defined commodities space was a close second. iPath Bloomberg Commodity (NYSE:DJP) edged up 0.1% last week. But the fractional gain barely registered: the exchange-traded note remained close to its lowest level of the year so far.
In the one-year column, solid gains continue to dominate, led by emerging-markets stocks. Vanguard FTSE Emerging Markets (NYSE:VWO) posted a strong 19.8% total return for the year through June 9, the best performance among the major asset classes for trailing one-year results.
Meanwhile, commodities remain dead last over the past 12 months. DJP is currently suffering with a 9.5% loss, the biggest one-year decline in more than a year.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.