The Fragile 5 under pressure again. Argentina Peso world’s worst currency with -14.2% ytd, Turkey Lira down 5%, Rand down 2.1%.
US repatriating foreign asset holdings has kept USD strong
Market Value of Global Negative Yielding Bonds up +$518 Billion today to $10.42 Trillion…just $1.75 Trillion away from record high
Harvard has the largest endowment at $39.2 billion, with Yale at $29.4 billion. But in the latest fiscal year ending in June 2018, Yale posted a 12.3% return, beating Harvard’s 10% return, Here’s an article making the case that you can basically copy the Yale endowment using these 12 ETFs: https://www.moneyshow.com/articles/guru-51180/12-etfs-to-beat-harvard-and-yale/ …
