By: Efram Slen, Global Index Product Development Manager, Nasdaq
March certainly roared like a lion this year following two difficult months at the start of 2016. Major U.S. indexes gained more than 6% each during the month of March:
S&P 500 |+6.6%
Dow Jones Industrial Average |+7.0%
During the month, Federal Reserve Chair, Janet Yellen, said the central bank will move cautiously as it weighs interest rate hikes in light of a weak global economy and stubbornly low inflation, raising questions about whether policymakers will make a rate move this spring.
Perhaps one of the more interesting stories of the month was the resilient comeback of Emerging Markets. Monetary easing by major central banks, as well as a firming of oil prices and other commodities during much of the quarter, powered emerging market stocks higher.
Nasdaq Emerging Markets Index | +12.7%
Commodities also witnessed a surge:
The Federal Reserve’s cautious stance on future tightening has dampened the U.S. Dollar, aiding a boost to broader commodities.
The Nasdaq Dividend and Income Family were also beneficiaries as yields on 10-Year U.S. Treasuries dropped sharply since mid-March, pushing investors to look elsewhere for yield.
|Index||BBG Ticker||Name||1-Month Performance|
|DVG||DVG||NASDAQ US Dividend Achievers Select||6.0%|
|DAA||DAAX||NASDAQ US Broad Dividend Achievers||6.2%|
|DAY||DAY||NASDAQ US Dividend Achievers 50||7.9%|
|DAT||DAT||NASDAQ International Dividend Achievers||9.8%|
|NQMAUS||NQMAUS||NASDAQ US Multi-Asset Diversified Income||5.7%|
|NQ96DIVUS||NQ96DVU||NASDAQ Technology Dividend||9.4%|
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