Our monthly look at YTD asset class performance, through the end of July.

Disclaimer: past performance is not necessarily indicative of future results.
Managed Futures = Newedge CTA Index, Cash = 13 week T-Bill rate,
Bonds = Vanguard Total Bond Market ETF (BND), Hedge Funds = DJCS Broad Hedge Fund Index
Commodities = iShares GSCI ETF (GSG), Real Estate = iShares DJ Real Estate ETF (IYR)
World Stocks = iShares MSCI ACWI ex US Index Fund (ETF) ACWX, US Stocks = S&P 500