Commodities led widespread rallies in March for the major asset classes based on a set of ETFs. US assets posted the only losses last month, with American shares leading on the downside.
The iShares S&P GSCI Commodity-Indexed Trust (NYSE:) rose 2.6%, posting March’s strongest return. The second-best gain in global markets last month was foreign corporate bonds () with a 1.7% increase.
The losers in March were concentrated in US assets, led by a steep 5.9% drop in US equities (). US real estate investment trusts () and American junk bonds () also lost ground in March.
Year to date, stocks in developed markets ex-US are in the lead by a wide margin with a 6.8% return (). Commodities (GSG) are in second place for 2025 with a 4.6% gain. US stocks (VTI) are posting the only loss so far in 2025 via a 4.8% decline.
The Global Market Index (GMI) fell again in March, slumping 3.5%. Year to date, the index is down 1.2%. GMI is an unmanaged…
