Salt Financial’s July data shows a widening performance gap between equity-only and multi-asset volatility-controlled indices, with Rila strategies leading the way.
Volatility-controlled indices posted mixed performance over the latest period tracked by Salt Financial, as lower equity volatility supported risk assets but rising Treasury yields continued to weigh on multi-asset strategies. The 10-year US Treasury yield rose 27bps over the month to 4.7%, while the average federal funds rate was unchanged at 3.6%. The 10-year/2-year Treasury spread widened marginally by 2bps to 0.4%. At the same time, realised volatility for the S&P 500, as represented by