Major Asset Classes | April 2024 | Performance Review
Most of the major asset classes retreated in April. The overall losses mark the worst month for global markets so far in 2024, based on a set of ETFs.
The upside outliers last month were limited to emerging markets stocks (VWO), a broad measure of commodities (GSG) and a cash proxy (SHV). Otherwise, red ink dominated April’s performance ledger.
US real estate investment trusts (VNQ) suffered the deepest loss in April, tumbling 7.9% — the deepest setback in nearly two years.