December Alternative Performance
2022 was a rough year in the public markets. The private REIT and private credit space gave my client's portfolios the non-correlated performance boost they needed. BREIT was positive in December and finished up 8.44% in 2022. Nuveen's GCR had it's worst month of the year, but finished up 7.9% on the year. BCRED was up again in December and was up 3.6% overall in 2022.
| Performance | December | Year to Date | Annualized Dividend Rate |
| Blackstone's REIT1 | .04% | 8.44% | 4.5% |
| Nuveen Global Cities REIT2 | -1.34% | 7.9% | 5.41% |
| Blackstone Private Credit3 | .3% | 3.6% | 10.2% |
For reference, in 2022, the S&P was down -19.4%, the NASDQ was -33.1%, and the AGG(Bond Index) was down -13.02%. Only the 3rd time equities and fixed income were down in the same year. We can talk further if this is a strategy that you think could help support your overall portfolio construction.
- https://www.breit.com/performance/
- https://www.nuveen.com/gcreit/performance
- https://www.bcred.com/performance/
This content is developed from sources believed to be providing accurate information. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.