Perspectives
Featured Commentary
View All-
Kensington Monthly Commentary – July 2025
The stock market endured one of its most volatile months in years. The S&P 500 fell 21.35% from its February 19 peak of 6,147.43 before bottoming on April 7 at 4,835.04, shortly before the Administration announced a 90-day pause on new tariffs (excluding China). Markets quickly rebounded on the news, with the S&P 500 soaring 9.52% on April 9, its largest single-day gain since October 2008. The Nasdaq Composite jumped 12.16% the same day, marking its biggest one-day percentage gain since January 3, 2001, and the second-largest on record.
-
Strategy Review – June 2025
Markets sustained their upward momentum in June, bolstered by easing inflation data and a growing belief that the Federal Reserve may begin cutting rates later this year. The 10-Year Treasury yield declined from 4.46% to 4.24%, and CPI came in slightly better than expected, with headline inflation rising just 0.1% month-over-month in May. Both equities and fixed income markets rallied, with duration-sensitive assets and risk-oriented sectors seeing strong gains.
-
Kensington Monthly Commentary – June 2025
The stock market endured one of its most volatile months in years. The S&P 500 fell 21.35% from its February 19 peak of 6,147.43 before bottoming on April 7 at 4,835.04, shortly before the Administration announced a 90-day pause on new tariffs (excluding China). Markets quickly rebounded on the news, with the S&P 500 soaring 9.52% on April 9, its largest single-day gain since October 2008. The Nasdaq Composite jumped 12.16% the same day, marking its biggest one-day percentage gain since January 3, 2001, and the second-largest on record.
-
Strategy Review – May 2025
February saw heightened volatility as investors reassessed the economic impact of newly imposed trade tariffs. While the market had initially assumed tariffs were a bargaining tactic, the confirmation of their implementation triggered a swift correction.
Featured Insights
View All-
KENSINGTON SPOTLIGHT SERIES: THE DEFENDER STRATEGY
At Kensington Asset Management, we’ve actively managed fixed income solutions for clients for over three decades. Throughout this journey, we’ve weathered all types of macroeconomic regimes from extreme market volatility events to periods of steady growth.
-
White paper: Trend Following and Tail Risk
An introductory understanding of how trend following can manage tail risk.
-
Navigating Fixed Income Markets in 2025
At Kensington Asset Management, we’ve actively managed fixed income solutions for clients for over three decades. Throughout this journey, we’ve weathered all types of macroeconomic regimes from extreme market volatility events to periods of steady growth.
-
Everything is Expensive
In the current market landscape, it’s becoming increasingly clear that “everything is expensive.” Elevated valuations across both US equity and fixed income markets underscore the need for caution and adaptability. In the current market landscape, it’s becoming increasingly clear that “everything is expensive.” Elevated valuations across both US equity and fixed income markets underscore the need for caution and adaptability.
Latest News
View All-
Kensington Announces Q2 2024 Fund Distributions
Market Insights is a piece in which Kensington’s Portfolio Management team will share interesting and thought-provoking charts that we believe provide insight into markets and the current investment landscape. In the current market landscape, it’s becoming increasingly clear that “everything is expensive.” Elevated valuations across both US equity and fixed income markets underscore the need for caution and adaptability.
-
Kensington Asset Management Announces the Promotion of Reid McDermott to Director of Capital Markets
Market Insights is a piece in which Kensington’s Portfolio Management team will share interesting and thought-provoking charts that we believe provide insight into markets and the current investment landscape. In the current market landscape, it’s becoming increasingly clear that “everything is expensive.” Elevated valuations across both US equity and fixed income markets underscore the need for caution and adaptability.
-
Kensington Asset Management Strengthens Leadership with Appointment of Steven Chang as Chief Compliance Officer
Kensington Asset Management (“Kensington”), proudly welcomes Steven Chang as its new Chief Compliance Officer.
-
Kensington Asset Management Receives 5-Star Rating from Morningstar for Kensington Dynamic Growth Fund (Ticker: KAGIX)
Kensington Asset Management (“Kensington”) is proud to announce that the Kensington Dynamic Growth Fund (“KAGIX”, “Dynamic Growth”) has been awarded a 5-Star for Overall and 3-Year Morningstar Rating™ in the Tactical Allocation category out of 247 Funds based on the risk-adjusted returns as of 11/30/23. In the current market landscape, it’s becoming increasingly clear that “everything is expensive.” Elevated valuations across both US equity and fixed income markets underscore the need for caution and adaptability.
