Tue, Aug 20, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Wilshire 5000 sets record highs in July, nets $425bn gain for the month

Monday, August 05, 2019
Opalesque Industry Update - The Wilshire 5000 Total Market Index, the original pure and complete measure of the U.S. stock market, gained 1.49 percent in July and 20.43 percent for the year, closing the month at 30,550.75, according to Wilshire Associates Incorporated.

Without dividends reinvested, the index had an estimated market value gain of $425 billion for July and $5.2 trillion year to date.

"The Wilshire 5000 broke its September 28, 2018 all-time high on July 1, 2019 to complete a full recovery from fourth quarter 2018 losses, then moved on to hit six additional record highs throughout the month," said Jason Schwarz, president of Wilshire Analytics and Wilshire Funds Management.

Large-cap beat small-cap for the fifth month in a row, represented by the Wilshire US Large-Cap Index and Wilshire US Small-Cap Index, with gains of 1.55 percent and 0.99 percent, respectively, building on the year-to-date large-cap lead over small-cap with returns of 20.58 percent and 19.01 percent, respectively.

Large-cap growth outperformed large-cap value for the second month in a row, represented by the Wilshire US Large-Cap Growth Index and Wilshire US Large-Cap Value Index, with gains of 2.34 percent and 0.82 percent, respectively. Large-cap growth continued its outperformance over large-cap value for the year with gains of 23.91 percent and 17.63 percent, respectively.

Similarly, small-cap growth outperformed small-cap value for the second month in a row, as represented by the Wilshire US Small-Cap Growth Index and Wilshire US Small-Cap Value Index, with returns of 1.11 percent and 0.87 percent, respectively. Small-cap growth built on its lead over small-cap value for the year with gains of 22.21 percent and 15.91 percent, respectively.

Sectors

Communication Services bounced back from second worst sector in June to best in July, up 3.71 percent. Information Technology nabbed a top three sector slot for the fifth time this year, gaining 3.52 percent for the month.

Energy continued to lag the market in July, as it did last quarter and throughout 2018, falling -2.45 percent. Health Care also continued to lag the market, on the heels of second quarter second worst performance, with a -1.62 loss for the month.

Business Development Companies (BDCs)

Business development companies, represented by the Wilshire Business Development Company Index, rose for the second month in a row, up 1.53 percent in July to net 21.39 percent gain year to date.

Real Estate

U.S. public real estate, represented by the Wilshire US Real Estate Securities Index and Wilshire US Real Estate Investment Trust Index, rose for the third month in a row, gaining 1.59 percent and 1.58 percent, respectively, netting year-to-date returns of 19.77 and 19.78 percent, respectively.

International public real estate, represented by the Wilshire exUS Real Estate Securities Index, lagged U.S. real estate for the sixth month this year, shedding -2.13 percent for the month and trimming year-to-date gains to 12.01 percent.

Fixed Income

Bonds, represented by the Wilshire Bond Index, finished July with its ninth consecutive monthly gain, up 0.52 and 8.30 percent for July and year to date, respectively.

Risk Parity

Multi-asset class risk parity, represented by the Wilshire Risk Parity - 10%, 12%, and 15% Target Volatility Indexes, rewarded higher risk in July with gains of 1.32, 1.54 and 1.85 percent, respectively, netting year to date gains of 18.92, 22.22 and 26.36 percent, respectively.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. 6 out of 10 investors seek to move assets from UK amid brewing of perfect storm[more]

    Opalesque Industry Update - Six out of 10 investors are now actively seeking to move assets out of Britain as a perfect storm looks set to hit the UK economy, reveals a new poll. The survey of more than 740 clients carried out by deVere Group, one of the world's largest independent financial

  2. Investing: Hedge funds take record short bets against Aston Martin, Investor sentiment reaching reversal point, says Lipper,It's time to buy into this long-suffering strategy, Investors, 'starved for returns,' flood private markets in search of high-growth opportunities[more]

    Hedge funds take record short bets against Aston Martin From FT: Hedge funds have taken record short positions in the debt and equity of Aston Martin, betting that the luxury carmaker will continue to struggle after one of the most disastrous stock market debuts of recent years.

  3. Crayhill Capital Management closes $100M transportation financing in Mexico[more]

    Bailey McCann, Opalesque New York: Private credit shop Crayhill Capital Management is providing a senior secured credit facility of up to $100 million to Mutuo Financiera, a vehicle fleet leasing company focused on clean energy passenger transportation in Mexico. Crayhill Capital Management is l

  4. People: Swedish AM hires long/short equity veteran, Cambridge University recruits new CIO from family office[more]

    Swedish AM hires long/short equity veteran From City Wire: Swedish asset manager Catella has hired Mattias Nilsson as a new portfolio manager to focus on long/short investing, the firm has announced. Nilsson will start on 26 August and will be part of the firm's long/short equity capabi

  5. Tech: European Central Bank confirms website hack and data breach, Google warns BILLIONS of website passwords have been hacked - how to check yours now, Jeffrey Tarrant saw artificial intelligence as the future of managing money[more]

    European Central Bank confirms website hack and data breach The European Central Bank (ECB), the central bank of the 19 European countries which have adopted the euro, has shut down a compromised website after it discovered that hackers had planted malware that stole information from ne