Why did Gold soar to a record for the first time since May 2022?
Gold soared?to a record for the first time since May 2022 as traders piled in on bets the Fed will cut rates early next year.?
The New York stock markets accelerated on Friday.
After the strong November, the start to the last stock market month of the year was successful.
The trigger was a speech by US Federal Reserve Chairman Jerome Powell.
The leading index Dow Jones Industrial finally left the 36,000 point mark behind and gained +0.82% to 36,245 points.
The previously market-wide S&P 500 closed +0.59% higher at 4,594 points, while the technology-heavy Nasdaq 100 also turned into positive territory and gained +0.31% to 15,997 points.
Shares of Ulta Beauty rose 10.9%.
The cosmetics company exceeded sales estimates on a like-for-like basis and raised the lower end of its previous sales target range.
For Elastic it even rose by around 37% after the search algorithm specialist surprised positively with its quarterly figures and raised its outlook.
We show how mortgage Real Estate Investment Trusts, the world's best asset class, closed on Friday, December 1, 2023 with our optimized quant pooling index approach in dividing the index into four elements:
Fire: Our top 10 performers achieved a one day performance of 4.81% on Friday, December 1, 2023 with an average annual dividend yield of 13.21%.
Water: Our 10 best mREIT components according to their dividend yields achieved a one day performance of 3.15% on Friday, December 1, 2023 with an average annual dividend yield of 18.02%.
Earth: Our top 10 best mREIT components according to their market capitalization reached a one day performance of 3.85% on Friday, December 1, 2023 with an average annual dividend yield of 11.27%
Air: All our 38 mREIT components reached a one day performance of 3.03% on Friday, December 1, 2023 with an average annual dividend yield of 11,94%
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The average dividend yield of our four elements of our mortgage Real Estate Investement Trusts is 13.61%.
As US Inflation, from November 2022 to October 2023 was 3.20%, our average cash flow without inflation would have been +10.41%.
Our weighted mREIT ETN and ETFs reached a one day performance of 3.46% on Friday, December 1, 2023 with an average annual dividend yield of 17.44%.
Global Assets under Management set to rise to $145.4 trillion by 2025
In a new report ‘Asset & Wealth Management Revolution:
Embracing Exponential Change’, PwC anticipates that global Assets under Management (AuM) will almost double in size by 2025, from US$84.9 trillion in 2016 to US$111.2 trillion by 2020, and then again to US$145.4 trillion by 2025.
Key findings
By 2025, #AuM will have almost doubled – rising by 6.2% a year, from US$84.9 trillion in 2016 to US$145.4 trillion in 2025, with the fastest growth seen in the #developingmarkets of #LatinAmerica and #AsiaPacific.
While #activemanagement will continue to #grow and play an important role, reaching $87.6 trillion by 2025, #PwC predicts growth in #passivemanagement to reach $36.6 trillion by 2025.
#Alternativeassetclasses – in particular, #realassets, #privateequity and #privatedebt – will more than #double in #size, reaching $21.1 trillion by 2025, accounting for 15% of global AuM.
We consider that the creation of individual asset manament prototype portfolios with our optimized quant pooling approach that includes all 38 elements of mortgage Real Estate Investment Trusts would outperform weighted mortgage Real Estate Investment Trusts Exchange-Traded Funds and mortgage Real Estate Investment Trusts Exchange-Traded Notes.
We also consider that decentralized real assets cooperatives that would be organized like the world's biggest asset management cooperative that is the Vanguard Group could help local commuities to contribute to strongly compensate the risks of inflation and financial turmoil that the world suffers since the pandemics.
We wish you all a great and happy new week!
Kind regards
Lucas