Financial markets recap for 2016

Source: Bank of America Merrill Lynch

A very good read to recap 2016, the « RIC » report from Bank of America Merrill Lynch. The returns in the above tables are in dollar terms if I’m not mistaken.

In a nutshell, from Merrill’s strategists:

« US stocks had the best performance globally in 2016 led by the Dow Jones Industrials, at 16.5%, and the S&P 500 at 12.0%. Emerging markets were up 11.6%, despite weak performance after the election. European equities were the laggard, with the Euro Stoxx 50 at 0.7% and the FTSE 100 down 0.2%.

Small caps were the best performing size segment last year, gaining 21.3%, followed by mid caps at 13.8% and large caps at 12.1%. Value stocks significantly outperformed growth stocks in all three size segments. Value’s strong performance was fueled in part by the strong performance of Energy up 27.4% and Financials up 22.8%. Health Care was the worst performing sector in 2016 down 2.7%, followed by Real Estate up 3.4%.

High yield bonds were by far the top performing fixed income category in 2016, at 17.5%, followed by EM Corporates (9.2%) and EM Sovereign (7.6%). The laggard was 10-year Treasuries (-0.2%), due to the post-election rate rise.

Oil rallied 45.0% in 2016, while gold gained 8.6%. The British pound fell 14.9%, while the euro was up 3.0% and the yen gained 5.5%. »

But of course, we’re the 10th, and you already know all that 😉

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