Major asset classes from around the world continued to post gains in the month of September. The GMI, or Global Market Index is a passive, unmanaged, market-value weighted index of all major global asset classes. September recorded another gain for the year with a 1.2% increase with the index up an impressive 14% year to date.
Year to date the leader in percentage increase is the U.S. REIT’s with nearly a 27% gain. The Russell 3000 and S&P 500 also have solid gains of roughly 20% on the year. Commodities and Emerging market government bonds have done the worst of the assets tracked with low single digit returns on the year.
The Capital Spectator has been tracking major asset class prices and economic data from around the world for many years now, I’d encourage anyone interested in markets and the global economy to go to the site and check out the enormous amount of information and commentary.