Global real estate stocks advanced in most countries in February amid generally positive economic data
Preferred securities rose in February, as interest rates remained relatively stable for the second consecutive month following the sharp increase in yields in November and December.
The broad stock market added to its post-U.S. election gains in the month, supported by generally positive year-end earnings reports, improving economic data and expectations of growth-friendly government initiatives.
Real estate stocks advanced in most countries in February amid generally positive economic data.
Global real estate stocks had a positive total return in February.
Global listed infrastructure advanced in February and outperformed global equities
Real asset categories as a group delivered positive returns in February, outperforming global bonds but underperforming global stocks.
Commodities had a slightly positive return in February.
Midstream energy equities had a modest gain in a generally strong month for stocks.
Low-duration preferred securities rose in February, as credit spreads on fixed income securities, including preferreds, narrowed during the month amid encouraging economic data.
February was a record-breaking month for markets as investors snapped up equities in anticipation of promised tax cuts and regulatory rollbacks.
Natural resource equities declined in February in what was a generally positive month for stock markets.
Financial markets generally added to their post-U.S. election gains in February, supported by continued expectations of new growth-friendly initiatives and a decline in bond yields.
The views and opinions in the preceding commentary are as of the date of publication and are subject to change. This material should not be relied upon as investment advice, does not constitute a recommendation to buy or sell a security or other investment and is not intended to predict or depict performance of any investment.
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