Commodities: The Top Asset Class of 2018 So Far

Commodities: The Top Asset Class of 2018 So Far

According to the most recent “Asset Quilt of Total Returns” put together by Bank of America Merrill Lynch, commodities are the top returning asset class of 2018 so far. The chart, which shows the total returns of asset classes over the years, has commodities at an annualized return of 22.7% year-to-date.

Right behind it is gold, which sits at 11.6% on an annualized basis:



Interestingly, commodities haven’t been on top of BAML’s chart since the years 2000 and 2002, which were at the beginning of the last commodity supercycle.

A DEEPER DIVE
Here is how commodities have fared from 2000 to 2018, based on annual returns. If the commodity sector keeps the pace for the rest of 2018, this will be the best year for the asset class since 2003.



Cont on link.........

 

But, but tradewar! Fear! Tradewar!

Ok, ignore the fuxing headlines...

 

If that keeps up it will be super-good news for Perth and Darwin in a couple of years.