2022 Recap | Year-to-Date Returns for Major Asset Classes in 2022

Global major asset classes mostly declined since the start of 2022, as the Federal Reserve continued to raise funds rate, and the geopolitical crisis continued to escalate. Energy was the best performer in the commodity futures market.

· Major US indices all edged lower in 2022, as the S&P 500 index declined 19.24%. The U.S. Dollar Index continued to rise throughout the year, while the RussianRuble was the lone gainer among all the other major currencies.

· Hang Seng Index and Hang Seng Tech Index declined 15.63% and 27.57%, respectively, during the year.

· FTSE Singapore Straits Time Index performed relatively well among Asia Pacific markets, as it rose 4.02% during the year.

· Major commodity indexes mostly gained in 2022. Oil and gas prices continued to increase,as Brent Crude Oil rose 7.30% in 2022. CBOT wheat futures also rose 0.42% during the year.