posted on March 05, 2020 12:00
Global stocks rose 3.9% in the first half of February before plummeting 11.7% in the second half to finish down 8.2% for the month. Fear of the coronavirus impact hit both U.S. large stocks (-8.2%) as well as international large stocks (-9.0%). Bonds buffered losses with positive returns as intermediate-term bonds (+1.4%) and TIPS (+1.4%) led the pack. Alternatives were mixed with reinsurance (+0.8%) providing a positive return and global REITS (-8.2%) generating the largest loss during February.
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