Risk-off sentiment driven by coronavirus worries took a bite out of stocks around the world last week. The selling has spilled over today’s trading in Asia and Europe and looks set to weigh on American shares once markets open in a few hours. While we’re waiting for the opening bell to ring in New York, here’s a quick look at how the major asset classes fared for the trading week through Friday, February 21, based on a set of exchange-traded funds.
Last week’s performance leader: broadly defined commodities via iShares S&P GSCI Commodity-Indexed Trust (NYSE:), which rose 0.8%. The gain marks the fund’s second weekly advance, although GSG remains close to the low end of its trading range for the past year.
U.S. investment-grade bonds were in second place last week. Vanguard Total Bond Market Index Fund ETF (NYSE:))increased 0.6%, closing near a record high.
Stocks around the world were slammed last week. The deepest setback for our set of proxy funds: shares in…