Tag Archives: multi-asset

Staying the Course: S&P MARC 5% Q3 2019 Performance

Despite still ending the quarter higher, Q3 2019 was relatively subdued across asset classes when compared to the stellar performance we saw in equities in Q1 and Treasuries and gold in Q2. Exhibit 1 shows that the gains captured in Q1 and Q2 continued to compound in Q3, with the YTD performance of the S&P Read more […]

Not All Strategies Are Created Equal: A Look at the S&P MARC 5% (ER) Index versus Other Multi-Asset Strategies

In this blog, we compare the S&P MARC 5% Excess Return (ER) Index with a peer group of 16 multi-asset 5% volatility-controlled excess return strategy indices currently in the market.[1] Overall, we observed that the diversification and weighting strategy of the S&P MARC 5% (ER) Index provided potential for upside while avoiding some of the Read more […]

S&P Risk Parity Indices Surge on the Back of a Rally in Treasuries

Expectations have diverged in 2019, as equity markets welcomed a dovish Fed, while the bond market exhibited pessimism. In the second quarter, the S&P 500® finished up 4.3% despite ongoing trade tensions, while the yield on the 10-Year U.S. Treasury Bond fell 40 bps to 2.0% and the U.S. Treasury curve remained inverted. The S&P Read more […]

Synchronized Gains Push the S&P Risk Parity Indices to New Highs

The first quarter of 2019 was one of synchronized gains across stocks, bonds, and commodities. Stocks soared, with the S&P 500® up 13.6%, recording its largest first quarter gain since 1998. Amid a dovish tone from the Fed, U.S. Treasury yields declined, with the yield on the 10-year U.S. Treasury Bond falling to its lowest Read more […]

Positioning for Market Volatility Using Passive Strategies

Fluctuating periods of “risk-on” and “risk-off” mean that spikes in equity market volatility and large drawdowns are increasingly common in today’s economy. Exhibit 1 shows events throughout the current market cycle causing notable rises in volatility and large drawdowns. With more of these likely in the future, as our long bull market cycle ages, how Read more […]

S&P MARC 5% ER 2018 Performance: Diversification and Allocation Provide Stability

Despite a rocky start and end to 2018 that negatively affected the performance of all the asset classes within the S&P MARC 5% Excess Return (ER) Index,[1] the index maintained a relatively stable performance throughout the year, although it ended the year in red. When you look at the asset classes in the S&P MARC Read more […]

Q4 2018 Performance Review for the S&P Risk Parity Indices

As the ball dropped this New Year’s Eve, most investors were more than happy to bid adieu to what proved to be a volatile end to 2018. The fourth quarter began with the October sell-off, which was just the start of a highly volatile quarter. The S&P 500® fell almost 7% in October alone, with Read more […]