Q4 2019 – Annandale Capital Quarterly Commentary

What a year it has been. In 2019, global bonds returned 6.8%. Bonds of the riskier variety, like high-yield corporates (credit risk) and long-dated zero-coupon Treasuries (interest rate risk), fared even better. But the good news doesn’t stop there. Global equity markets returned 27.1%, placing 2019 in the top decile of all calendar years on record. Download Q4 2019 Commentary.

This material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations. This is not an offer or solicitation with respect to the purchase or sale of any security.

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