WST Capital Management Named to PSN Top Guns List of Best Performing Strategies for 1Q 2023
WST Capital Management is pleased to announce it has been named to the celebrated PSN Top Guns List of best-performing separate accounts, managed accounts, and managed ETF strategies for 1Q 2023.
WST Capital Management Honored With the 2023 Refinitiv Lipper Fund Award
WST Capital Management is pleased to announce that it is being honored with a 2023 Refinitiv Lipper Fund Award in the United States.
February 2023 | Global Equity Markets Recap
Equity markets paused in February after a strong start to the year.
January 2023 | Global Equity Markets Recap
Global equities rallied to begin 2023 as international and SMID cap stocks were among market leaders.
January 2023 | Fixed Income Markets Recap
Fixed income assets moved higher in January amid declining interest rate volatility and falling intermediate- and long-term yields.
WST Capital Management Named Top Guns Manager for Fourth Consecutive Quarter
WST Capital Management, the ETF strategy division of Wilbanks Smith & Thomas offering a platform of risk-managed, model-based asset class investment solutions, has been named to the celebrated PSN Top Guns List
December 2022 | Global Equity Markets Recap
Global equity markets suffered declines in December amid the challenges facing investors in 2023.
December 2022 | Fixed Income Markets Recap
Fixed income assets experienced mixed results to close the year as rising yields weighed on asset class performance.
WST Capital Management Named Top Guns Manager for Third Consecutive Quarter
Informa Investment Solutions Names WST Capital Management Top Guns Manager for Third Consecutive Quarter
September 2022 | Fixed Income Markets Review
U.S. Treasury rates across the yield curve were drifting higher throughout the month in anticipation of the Federal Reserve raising the Fed Funds rate.
September 2022 | Global Equity Markets Review
Equity market weakness that began in mid-August carried forward into September and pushed the market down to a new low for 2022.
August 2022 | Global Equity Markets Recap
Strong employment data and the Fed’s reasserted commitment to combat inflation forced investors to adjust their expectations regarding size and tenure of interest rate hikes, creating downward pressure on global equity markets.
August 2022 | Fixed Income Markets Recap
A hawkish message from Jerome Powell during the Federal Reserve’s annual conference at Jackson Hole resulted in Treasury yields rising on both the 2Y and 10Y areas of the yield curve.
July 2022 | Global Equity Markets Recap
Following the turbulence to begin the year, global equities surged in July as declining interest rates served to bolster the asset class.
July 2022 | Fixed Income Markets Recap
Fixed income assets experienced a welcomed rally in July amid intermediate and long-term yields declining along the Treasury curve.
June 2022 | Fixed Income Markets Recap
Fixed income assets continued their worst start to a calendar year on record amid the hawkish policy measures by global central banks.
June 2022 | Global Equity Markets Recap
Following the gains in the prior month, selling resumed in June resulting in the second weakest month for equities in 2022
May 2022 | Fixed Income Markets Recap
Fixed income assets rebounded in May as global aggregate bonds posted their first positive monthly return in 2022.
May 2022 | Global Equity Markets Recap
Equity markets managed to squeeze out positive returns for May thanks to a late-month rally.
Informa Investment Solutions Names WST Capital Management Top Guns Manager
WST Capital Management was named a Top Gun with ratings of 2 stars for the period ended 1Q2022 — the current maximum number of stars for the strategy’s category.
April 2022 | Global Equity Markets Recap
Global equity markets continued to fall in April as aggressive Fed tightening, inflationary pressures and the extended conflict in Europe weighed on investor sentiment.
April 2022 | Fixed Income Markets Recap
Fixed income assets suffered losses over the month while U.S. aggregate bonds faced their worst monthly decline since February 1980.
February 2022: Fixed Income Markets
Fixed income investors saw rising interest rate volatility over the month as a lofty inflation print and expected Fed actions drove the flattening along the Treasury yield curve.
February 2022: Global Equity Markets
Global equity markets suffered losses in February while investors weighed concerns surrounding the Russian invasion of Ukraine and continued inflationary pressures.
Fixed Income Markets Review | December 2021
Fixed income assets faced varying results in December as investors saw a reversal in the movement of Treasury yields.
Global Equity Markets Review | December 2021
December proved itself once again as a consistently positive month of the year.
Global Equity Markets Review | November 2021
Global Equity Markets | October 2021
Equity markets reached all-time highs in October as robust corporate earnings and progress on COVID-19 drove indices higher.
Fixed Income Markets | October 2021
Fixed income assets saw mixed results during the month amid rising Treasury yields and increasing bond market volatility.
Global Equity Markets | August 2021
Global equity markets were propelled higher in September as U.S stocks continued to outperform relative to international equities.
Global Equity Markets | July 2021
Global equity markets experienced mixed results during July as investors saw a divergence in performance between large- and small-cap stocks.
Fixed Income Markets | July 2021
Fixed income assets saw positive returns for the period as long-term yields fell for the fourth consecutive month.
Global Equity Markets | June 2021
Global equity markets saw mixed performance in June as investors witnessed signs of narrowing market breadth and a shift in market leadership back towards large-cap growth stocks.
Fixed Income Markets | June 2021
Long-term yields continued to trend downward during the month as market participants weigh the impacts on future economic growth of the increasing number of Delta variant cases.
Global Equity Markets Review | May 2021
Global equities continued to rally during the month of May as markets were supported by increasing economic activity and strong market breadth.
April 2021: Fixed Income Markets Review
Fixed income returns were mostly positive for the month of April as long-term yields decreased.
April 2021: Global Equity Markets Review
Equity markets continued their upward trajectory in April although leadership differed markedly from year-to-date patterns.
February 2021 Global Equity Markets Review
After a soft start to the year, the market bounced back strongly in February with all major U.S. indexes posting positive returns.
January 2021: Fixed Income Markets Review
Fixed income sectors posted negative returns in January while the long end of the yield curve saw rising rates amid increases in inflation expectations.
December 2020: Fixed Income Markets Review
Fixed income markets saw modest gains in 4Q as investors monitor yield curve steepening and increased inflation expectations going forward.
December 2020: Global Equity Markets Review
World equity markets ended the year on a positive note in December. Investors expressed relief that 2020 concluded and are optimistic about a vaccine for COVID–19 as well as a return to normal economic activity.
November 2020 Fixed Income Markets Review
Market participants saw strong returns in fixed income assets during the month as election angst in the U.S. dissipated and the economic outlook became clearer.
November 2020 Global Equity Markets Review
Global equities experienced robust performance during November as small cap and international stocks were among the top performers.
October 2020 Global Equity Markets Review
Global equity returns were mixed for the month of October as investors braced for the upcoming U.S. presidential election and developments surrounding COVID-19.
October 2020 Fixed Income Markets Review
Fixed Income investors saw negative to modest returns during the month while markets reacted to yield curve steepening and an uptick in inflation expectations.
September 2020 Global Equity Markets Review
Global equity markets suffered a pullback in September as investors have seen heightened levels of uncertainty surrounding pandemic outcomes and the U.S. general election.
September 2020 Fixed Income Markets Review
Fixed income returns were mixed during the month as interest rate risk has steadily risen for aggregate bonds in this market of historically low yields.
August 2020 Fixed Income Markets Review
Fixed income investors saw mixed performance during the month of August as markets weigh the effects of negative real yields and tightening credit spreads.
August 2020 Global Equity Markets Review
August was another strong month for global equity markets as stocks were propelled higher due to historically large stimulus, rebounding economic activity, and progress toward a vaccine.
July 2020 Fixed Income Markets Review
Fixed income markets experienced positive returns to start 3Q as U.S. corporate credit and international sovereign bond performance helped to bolster the asset class.
July 2020 Global Equity Markets Review
July registered a strong month and was the fourth consecutive month of positive returns coming off the March low.
June 2020 Fixed Income Markets Review
June was another positive month for fixed income assets as further Fed support helped to facilitate fully functioning credit markets.
June 2020 Global Equity Markets Review
Global equity markets continued the rally that began in late March, and although with less vigor, June 30th was the best calendar quarter since the 4th quarter of 1998.
May 2020 Fixed Income Markets Review
Fixed income assets experienced modest gains during May as credit spread tightening and liquidity injections helped to bolster the asset class.
May 2020 Global Equity Market Review
Global equity markets continued to add to April’s rally with a focus on incrementally positive news on potential vaccines for COVID–19 and concrete plans for reopening economies.
WSTCM Awarded Top Guns Designation by Informa Financial Intelligence
WST Capital Management is pleased to announce that it has been awarded a PSN Top Guns distinction by Informa Financial Intelligence’s PSN manager database.
April 2020 Global Equity Market Review
Investors saw a reversal in trends during the month of April as stocks were propelled by the risk-on sentiment that proliferated throughout global equity markets.
April 2020 Fixed Income Market Review
Fixed income assets experienced tailwinds in April as a result of credit spread tightening and global central bank stimulus acting to stabilize credit markets.
March 2020 Global Equity Market Review
As February ended with a swift sell-off in equities, investors navigated the historic volatility throughout March as growing pandemic fears swept over markets.
March 2020 Fixed Income Market Review
The bullish sentiment in bonds that continued in early 1Q came to a halt in March as pressures emerged across the fixed income universe, prompting the Fed to take monetary actions.
February 2020 Global Equity Market Review
As the progress of COVID-19 cases escalated and dominated headlines throughout February, equally viral was the impact of the outbreak to economic/ corporate outlook and investor confidence.
January 2020 Global Equity Market Review
After a lights-out finish to 2019 and a strong start to 2020, equity bulls were halted in their tracks mid-month as news broke and rapidly escalated regarding the deadly coronavirus.
January 2020 Fixed Income Market Review
After 4Q’s economic and political positives wilted global bond momentum, chaotic January events and headlines restored the shine to safe-haven assets and fixed income overall.
4Q 2019: Global Equity Market Review
4Q marked a strong finish to a stellar year for global equities; investors cheered improving economic and corporate data and market-friendly political progress.
4Q 2019: Fixed Income Market Review
With investors in “risk-on” mode thanks to improving global fundamentals and political outlook, the 2019 bond rally slowed in 4Q but indices posted strong gains for the year overall.
November 2019: Fixed Income Market Review
Capital markets flows favored the bolder (i.e., riskier) asset classes in November, with constructive trade discussions and economic data boosting equities and corporate debt while prompting some runoff in global sovereign bonds.
November 2019: Global Equity Markets Review
Equity market strength persisted in November, led by US stocks as investors delivered fresh all-time highs for major US indices.
October 2019: Global Equity Market Review
Constructive geopolitical and trade headlines lifted global equities in October, with emerging markets leading the pack. Read more here.
October 2019: Fixed Income Market Review
Global bond yields continued to sink during October as emerging sovereigns rallied and corporates continued to advance. Read the review here.
3Q 2019: Observations & Outlook
3Q saw key shifts in the market environment, providing a better backdrop for trend-following and encouraging our view that market factors may be lining up constructively for tactical styles
3Q 2019 Fixed Income Market Review
The quarter opened with mixed, if largely muted, results for global bonds in July before a strong August showing, as equities sold off in response to escalating trade conflicts and macroeconomic headlines that continue to upset the global growth outlook.
3Q 2019 Global Equity Market Review
September results may have teased long-awaited equity rotations – with value topping growth, small-cap outperforming and signs of life observed in ex-US stocks – but 3Q overall evidenced the same themes and performance drivers from 2Q.
August 2019 Global Equity Market Review
Following an overall positive result in a quiet July, August saw volatility uncorked and equity markets capitulate as the US-China Trade War escalated and investors connected the dots between worrying aspects of the global macro picture.
August 2019 Fixed Income Market Review
Global bond markets were back in action in August as equities sold off in response to escalating trade conflicts and macroeconomic headlines that continue to upset the global growth outlook.
Getting Tactical With International & Equal-Weight Sectors
How are sector strategies being used to target alpha with precision in markets around the globe? Watch the interview to learn more.
Global Risk-Managed Line-Up: 2Q 2019 Commentary
Review of markets & key global risk-managed strategies in 2Q 2019
July 2019 Fixed Income Market Review
Global bonds snapped June’s “bull market in everything” to post mixed, if muted, results in a fairly uneventful July.
July 2019 Global Equity Markets Review
Intermittent retreats aside, it was a lukewarm but positive result for global equity markets in July.
Sector Select Risk-Managed: 2Q 2019 Commentary Available
2Q 2019 commentary for Sector Select Risk-Managed strategy is now available for download and review.
2Q 2019 Global Equity Markets Review
The second quarter of 2019 had opened positively – thanks to better-than-feared earnings and soothing tones from central banks – before US-China trade talks unraveled in May, sinking equities and rallying bond prices.
Credit Select Risk-Managed: 2Q 2019 Commentary Available
2Q 2019 commentary for Credit Select Risk-Managed strategy is now available for download and review.
2Q 2019 Fixed Income Market Review
Lifted by the risk sell-off in May, bonds in June were yet no worse for the wear even as that sell-off reversed. “An ounce of prevention is worth a pound of cure,” to quote Fed Chair Jay Powell, and it was worth at least 2% to global bond investors in 2Q.
Webinar Recap: CSRM Spotlight
Listen to the Credit Select Risk-Managed spotlight webinar to learn about the CSRM strategy and firm’s history.
May 2019 Global Equity Market Review
Equity markets unraveled in May along with US-China trade talks. After leading on the upswing for all of 2019, the S&P 500 (down 6.4%) underperformed developed international stocks (-4.7%). Read more here.
May 2019 Fixed Income Market Review
Core global bonds rallied in May as risk-asset investors digested a mix of sour political tones and escalated trade hostilities between the US and China.
April 2019 Fixed Income Market Review
Core bond markets in April took a breather after a strong start to the year, and saw mixed results as investors continued to expand equity multiples and push risk-asset indices past all-time highs.
April 2019 Global Equity Market Review
The month of April proceeded without disruption to key positive themes including increased optimism around economic recovery in China, anticipated resolution of the U.S.-China trade conflict and perhaps most importantly, global central banks tilting highly accommodative.
Credit Select Risk-Managed: 1Q Commentary Available
1Q 2019 commentary for Credit Select Risk-Managed is now available.
1Q 2019 Fixed Income Markets
Bond investors in 1Q 2019 were treated to falling yields and an equity-like credit rally as central banks worked to keep the economic plates spinning.
1Q Global Equity Markets Review
With spirits lifted by accommodative tones in everything from central bank pressers to trade discussions, investors put the 4Q meltdown in the rearview and sent global stocks up around 12.3% in the first quarter of 2019.
As It Just So Happened: Momentum & the 1Q Equity Rally
As equity investors take a breather (for now) we examine just how quickly the S&P 500 reversed to the upside and consider whether this rally was unique as compared to other dramatic rallies in recent history.
Fixed Income Markets Review – February 2019
Results were mixed in global bonds, with the US and credit risk outperforming as equities continued to climb.
Global Equity Markets Review – February 2019
Equity investors weren’t in quite the same hurry as they were in January, but February saw solid returns across geographies, styles and sectors.
Global Equity Markets Review – January 2019
The clouds parted for global markets in January, delivering high-single- or low-double-digit returns across essentially all equity geographies and styles.
Fixed Income Markets Review – January 2019
Capital markets opened the new year in a decidedly risk-on mood, but global fixed income was no worse for the wear.
WST Capital Management Named Top Guns Manager for 3Q 2018
WST Capital Management named Top Guns Manager for the third quarter of 2018 by Informa Investment Solutions.
High Yield: Week in Review
On the heels of a rough week for high yield, we’re sharing observations on credit markets and perspective on these concepts in relation to portfolio positioning.
WST Capital Management has been awarded a Top Guns designation by Informa Investment Solutions’ PSN manager database.
A Behind the Scenes Look at Creating and Trading a Custom Index
Watch Roger Scheffel, CIO of WST provide input on the roles liquidity and tracking error can play in the life cycle of a custom index strategy.
As ETFs Grow in Complexity, How Should Investors Incorporate Them in Their Portfolios?
Watch Roger Scheffel, CIO of WST provide perspective on whether investors should consider incorporating ever-complex ETFs in their portfolios.
Building a Custom Benchmark for RIA Asset Managers
Watch Roger Scheffel, CIO of WST explain how custom indexing works for financial advisors.
Managing Equity Risk with Sectors of the S&P 500® Equal Weight Index
Watch Roger Scheffel, CIO of WST discuss their take on how equally weighted sectors can work in your investment strategy.
4Q 2020 CSRM strategy commentary is available for download and review.
SSRM 4Q 2020 commentary now available for download and review.
4Q 2020 Risk-Managed Global Line-Up commentary now available for download and review. The lineup includes core-plus fixed income, “go-anywhere” income, multi-asset emerging markets, international equity and Global Allocation Risk-Managed.
Sector Select factsheet for download and review. Data as of June 30, 2019.
International Select factsheet for download and review. Data as of June 30, 2019.
Listed Alternatives factsheet for download and review. Data as of June 30, 2019.
International Select Risk-Managed factsheet for download and review. Data as of June 30, 2019.
Credit Select Risk-Managed factsheet for download and review. Data as of June 30, 2019.
Credit Select Risk-Managed positioning overview brochure
Impact Risk-Managed: Global Equity factsheet for download and review. Data as of June 30, 2019.
MLP Risk-Managed factsheet for download and review. Data as of June 30, 2019.
Momentum Opportunities Risk-Managed factsheet for download and review. Data as of June 30, 2019.
Diversified Income Risk-Managed factsheet for download and review. Data as of June 30, 2019.
Global Allocation Risk-Managed factsheet for download and review. Data as of June 30, 2019.
Sector Select Risk-Managed factsheet for download and review. Data as of March 31, 2019.