Investment grade developed market bonds outperform

Genevieve Signoret

Our Performance

In the past three months, the asset classes in our model portfolios[1] that delivered the highest U.S. dollar total returns were 7–10-year U.S. Treasuries (+3.7%), US medium-term investment grade bonds (+2.1%) and ex-U.S. investment grade bonds (+1.6%).

Producing the lowest returns (in dollar terms) were emerging market equity   (‒17.9%), U.S. materials equity (‒17.7%), and Pacific developed market equity (‒12.4%).

Over the past 12 months, one of our model portfolios have outperformed their benchmarks:

• LCN-ST ‒1.82% (benchmark ‒0.04%)
• LCN-MT ‒2.19% (benchmark ‒0.92%)
• LCN-LT ‒3.09% (benchmark ‒4.00%)

In peso terms, our 12-month performance was as follows:

• LCN-ST +23.70% (benchmark +26.41%)
• LCN-MT +23.22% (benchmark +24.83%)
• LCN-LT +22.09% (benchmark +20.94%)