All the numbers are finally in, so it’s time to update our asset class scoreboard for February. The new year jubilation does not appear to have worn off, as our scoreboard is showing higher year-to-date gains than in January for every category except for US Real Estate. (Disclaimer: Past performance is not necessarily indicative of future results.) The impressive 2012 rally in stocks has carried commodity prices higher, while hedge funds and managed futures have only managed to capture of portion of those gains. How long until this 2012 rally ends is anyone’s guess, but some sectors are definitely enjoying it more than others until then.

Managed Futures = Newedge CTA Index, Cash = 13 wk T-Bill rate,

Bonds = Vanguard Total Bond Market ETF (BND), Hedge Funds = DJCS Core Hedge Fund Index

Commodities = iShares GSCI ETF (GSC), Real Estate = iShares DJ Real Estate ETF (IYR)

World Stocks = MCSI World Index (ex USA), US Stocks = S&P 500 Total Return Index