January 2023 Alternative Performance
2022 is finally behind us. The public markets have started strong so far into 2023. Has that affected 9M Investments' private investment? No, and it really shouldn't, the whole purpose is to have that non-correlated piece in your portfolio. Private real estate is about having investments long term demographic trends. Private credit is about getting exposure to parts of the market that mega banks no longer service. Both of these private investments also take advantage of a rising rate environment and high inflation. Which might be around longer than we think.
| Performance | January | Year to Date | Annualized Dividend Rate |
| Blackstone's REIT1 | -.20% | -.20% | 4.5% |
| Nuveen Global Cities REIT2 | .53% | .53% | 5.4% |
| Blackstone Private Credit3 | 1.9% | 1.9% | 10.1% |
For reference, in January, the S&P was up 6.2%, the NASDQ was up 10.7%, and the AGG(Bond Index) is up slightly on the year.. As markets have continued to be volatile, private investments can help smooth out the ups and downs. 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/
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