The 1H 2024 Callan Institute Periodic Table of Investment Returns
The Callan Institute Period Table of Investment Returns, issued by Callan LLC, tracks returns for the past several years ending December 2023 and monthly through June 2024. This table pictorially represents the returns from most public asset classes available to investors and many are represented in Callan Family Office client portfolios.
The returns are ranked annually from best to worst. After a great 2023 for the markets, it’s been much of the same for the first half of 2024.
A few observations worth noting:
- Large cap stocks led all asset classes again for the first half of the year, generating a strong 15.3% return. This performance was driven in large part by a very narrow part of the market known as the Magnificent Seven.
- All other parts of the equity markets also generated positive returns, albeit at a more modest return.
- The 10-year US treasury yield has drifted up from 3.86% at the beginning of the year to 4.34% at quarter end. This has put some modest pressure on fixed income returns particularly intermediate term strategies.
- Stay tuned, the third quarter has started out very differently than the first half ended!
This table conveys that no one asset class outperforms in every environment and highlights the importance of diversification.
If you’d like to discuss further, please reach out to your Callan Family Office team for additional information.
To download a PDF of the Callan LLC Periodic Table, please click here.
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