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|
|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.
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