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Student of the Market by BlackRock
December 2022 highlights:
- Largest value outperformance since 2001
Value is currently experiencing the highest 1-year outperformance versus growth since 2001, but only 45% of all assets across both are in value funds right now. -
Bonds have not lost money 3 years in a row
When factoring in last year, 2022 will be the second straight year that bonds lost money, but they have never had that happen 3 years in a row. - Going against the crowd in municipal bonds
Quarterly periods of large outflows from municipal bonds funds have been an indicator of above-average performance over the next 12 months, historically.
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