Breaking News
Get 45% Off 0
💰 With a 129% YTD gain in the bag, these are our AI’s top global picks for March
Read now

Property, Commodities Led Rebound In Global Markets

By James PicernoStock MarketsOct 18, 2021 04:41PM ET
www.investing.com/analysis/property-commodities-led-rebound-in-global-markets-200605382
Property, Commodities Led Rebound In Global Markets
By James Picerno   |  Oct 18, 2021 04:41PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
VTI
-1.86%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
JNK
-0.35%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
VNQ
-2.57%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
IHY
-0.57%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BWX
+0.05%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
GCC
-0.16%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Nearly every slice of the major asset classes bounced last week, led by strong gains in real estate shares and commodities, based on a set of ETFs through Friday’s close (Oct. 15). The only decline was in foreign high-yield bonds.

Vanguard US Real Estate (NYSE:VNQ) surged 3.5%, posting its best weekly advance since mid-September. The rally left the fund to just below its highest close since Sep. 17. It’s unclear if the latest bounce is a temporary pause in what appears to be modest correction after a long-running uptrend. The week ahead may offer insight into whether the sector is set to stabilize.

VNQ Weekly Chart
VNQ Weekly Chart

Foreign property shares are last week’s second-best performer via Vanguard Global ex-U.S. Real Estate Index Fund ETF Shares (NASDAQ:VNQI). The ETF’s 3.3% gain is the strongest weekly rise in nearly a year.

Commodities extended their rally for a fourth-straight week. Posting a third-place gain last week, WisdomTree Continuous Commodity Index Fund (NYSE:GCC) increased 3.2%.

US stocks posted a solid advance last week too, although the 1.9% rise for Vanguard Total Stock Market Index Fund ETF Shares (NYSE:VTI) was middling relative to the rest of the field.

The only setback on our list: VanEck International High Yield Bond ETF (NYSE:IHY), which ticked down 0.1%. Although the latest decline was fractional, the loss marked the sixth straight weekly decline, suggesting that a strong downside trend prevails for the fund.

The Global Market Index (GMI.F) — an unmanaged benchmark (maintained by CapitalSpectator.com) that holds all the major asset classes (except cash) in market-value weights via ETF proxies — rose for a second week, posting a strong 1.7% increase.

For the one-year window, US REITs are in the lead for the major asset classes. VNQ is up a sizzling 35.3% on a total-return basis. US stocks (VTI) and commodities (GCC) aren’t far behind in second and third place, respectively.

The only one-year declines at the moment: US bonds (BND) and foreign government bonds (BWX), each posting a modest loss at Friday’s close vs. the year-earlier level after factoring in distributions.

GMI.F’s one-year performance is a strong 21.0% total return.

Most of the major asset classes continue to post low drawdowns. US junk bonds (JNK) currently enjoy the smallest peak-to-trough decline – a thin -0.4%. The majority of markets are no deeper than -7%. Commodities and emerging-markets government bonds are the main outliers at -25.1% and -14.4%, respectively.

GMI.F’s current drawdown is a mild -1.7% as of last week’s close.

Property, Commodities Led Rebound In Global Markets
 

Related Articles

Dr. Arnout ter Schure
Is the Nasdaq 100 in a Long-Term Bear Market? By Dr. Arnout ter Schure - Mar 06, 2025 4

Using the Elliott Wave Principle (EWP), we have been tracking the most likely path forward for the Nasdaq 100 (NDX). Although there are many ways to navigate the markets and to...

Property, Commodities Led Rebound In Global Markets

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Apple
Continue with Google
or
Sign up with Email