Most of the major asset classes retreated in April. The overall losses mark the worst month for global markets so far in 2024, based on a set of ETFs.) also took a hit, declining 2.4%. The weakness in US fixed income has persisted in three of the four months year to date.
The winning streak in 2024 ended in April for the Global Market Index , an unmanaged benchmark that holds all the major asset classes in market-value weights via ETFs and represents a competitive benchmark for multi-asset-class portfolios. GMI dropped 3.7% last month. Year to date, however, GMI is holding on to a modest 2.4% advance.
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