Global Markets Post Gains Last Week
Vanguard FTSE Emerging Markets (NYSEARCA:VWO) topped the winners list for the second straight week. The ETF’s 2.7% gain lifted the fund to its highest close in nearly a decade.
US REITs delivered the second-strongest performance over the five trading days through Aug. 25. Vanguard REIT (VNQ) has been trading in a tight range this year, but last week’s 2.0% pop was the ETF’s best weekly advance since March.
The weakest performance among the major asset classes last week: broadly defined commodities, which posted a fractional gain. iPath Bloomberg Commodity (DJP) edged up a mere four basis points.
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For one-year returns, VWO regained the lead, posting a 20.0% total return through Aug. 25. The advance represents a modest premium over the number-two performer for the trailing 12-month window: Vanguard FTSE Developed Markets (VEA), which is ahead by 16.9%.
Broadly defined commodities remain in last place for one-year results among the major asset classes. DJP is off 2.3% as of last week’s close vs. the year-earlier price.