Many Markets Declined Last Week

The first full week of trading in June took a bite out of most markets.


By James Picerno


Only US real estate investment trusts (REITs) and broadly defined commodities bucked the downward trend for the major asset classes last week, based on a set of representative exchange-traded products.

Vanguard REIT (VNQ) posted the strongest performance for the week through June 9. The fund inched up 0.2%, marking VNQ’s fourth straight weekly advance.

The broadly defined commodities (NYSEARCA:DBC) space was a close second. iPath Bloomberg Commodity (DJP) edged up 0.1% last week. But the fractional gain barely registered: the exchange-traded note remained close to its lowest level of the year so far.

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In the one-year column, solid gains continue to dominate, led by emerging-markets stocks. Vanguard FTSE Emerging Markets (NYSEARCA:VWO) posted a strong 19.8% total return for the year through June 9, the best performance among the major asset classes for trailing one-year results.

Meanwhile, commodities remain dead last over the past 12 months. DJP is currently suffering with a 9.5% loss, the biggest one-year decline in more than a year.