We recently showed the relative performance by asset class YTD in 2014, but in a world in which “sophisticated investors” allocate other people’s money not by assets but by investment strategy that table was hardly meaningful.
So for all those who invest by “thematic play”, here is the full YTD breakdown.
Of note: the best performing strategy is chasing dividend yielding assets, i.e., a world in which there is little to no growth investment but lots of immediate shareholder benefits. This is further confirmed when observing that the return of Share Buyback strategies is identical to that of the S&P 500 itself. Where there is no growth so far in 2014: plays focusing on micro/mid caps, aka, the Russell 2000 and Cyclical Growth. Maybe those 10 Years at 14 months lows are on to something.
Source: Deutsche
via Zero Hedge http://ift.tt/1A7CnGT Tyler Durden