10 Apr 1Q, 2023 Asset Class Return Quilts
- It was a great start to the year for markets, as the majority of asset classes ended the first quarter with positive returns.
- Gold (+9.2%), international developed market stocks (+8.5%) and U.S. large cap stocks (+7.5%) were the top-performers over the quarter.
- Midstream energy, which was the top-performing asset class in 2022, ended Q1 up 4.1%. Commodities, which ended 2022 up 16.1%, was the worst-performing asset class over the first quarter, ending down 5.4%.
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