Where is the bear🐻?
@ReturnBoost：
While the MSCI World$MSCI Inc(MSCI)$ is down around -15% YTD and the Bloomberg aggregate Fixed Income Index lost more than -10% YTD, Commodities (Bloomberg Commodity Index) are up 33% YTD. This shows how essential commodities are for a diversified, multi-asset portfolio. However, not only active asset allocation can generate alpha. Single name selection pays off as well. European Growth Stocks (MSCI Europe Growth Index) are down -18% YTD. At the same time, MSCI Europe High Divided Index gained almost 6% YTD. It is the highest level of dispersion we are seeing in a long time. Diversification paid with active management gets crucial again.CommoditiesCommodities remain strong, reaching new highs. This performance is mainly driven by Energy and to some e