Investment Insights

Highlights from the week of November 24 – November 30, 2023

U.S. bonds had the best month in several decades and U.S. equities gained the most in three years to end November last week.

High rates make it a dreadful time to buy a home, but an excellent time to buy interest-only and inverse interest-only securities.

The shortened week saw little market movement amid few economic data releases.

U.S. equities, led by small- and mid-caps, and bonds rejoiced over the week’s better economic data.

Buying assets at a discount is one of the key benefits of investing in secondary private equity funds. But is it the most significant driver of long-term returns?

The markets were confused as the Fed left the door open for more rate hikes, but in true “shake it off” fashion, the equity rally that began with the pause continued during the week.

We believe bonds will help diversify stock allocations as we return to a more normal rate and inflation environment.

Read “How Digital Twins Are Reshaping Industries” to learn how companies are optimizing their virtual replicas with advancements in AI and data science.

Recent liquidity events related to portfolio companies in which PIF invests through its private equity holdings.