Monthly Archives: April 2016

Endowment Wealth Management Weekly Capital Markets Update For Week Ended 04/29/2016

WEEKLY CAPITAL MARKET HIGHLIGHTS: The Treasury curve flattened on the dovish language by the Fed and weak global inflation data, with the yields on the intermediate portion of the curve falling further than the front and long ends. The US Dollar is down on the week against a basket of major trade partners’ currencies, reaching its lowest level in more than six months, influenced by a dovish Fed and uninspiring economic data releases. Commodities are up for the second consecutive week, ...

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Endowment Index® Declines For Week Ending 4/29/2016

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed 1,026.49 at today, declining from last Friday's close of 1,031.65. The Endowment Index® represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy® or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index® measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includ...

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Endowment Wealth Management Weekly Capital Markets Update For Week Ended 04/22/2016

WEEKLY CAPITAL MARKET HIGHLIGHTS: Among equities, Greece and Spain led global markets with strong single-digit returns, while the U.S. and China were up only marginally. The Treasury curve steepened. Intermediate and long Treasury yields climbed, while yields on T-bills remained flat. Commodities are up. Crude oil continues its rebound, reaching levels not seen since last December. Natural gas, agricultural commodities generally, and precious metals had also traded up as of Friday mornin...

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Endowment Index® Posts Gain for Week Ended 4/22/2016

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed 1,031.65 at today, climbing from last Friday's close of 1,024.20. The Endowment Index® represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy® or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index® measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes...

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Interest Rates and the Stock Market

Correlations can be a misleading measure of the interaction between economic variables. Here, we take a look at interest rates and the stock market. Consider the cause-and-effect chains that exist between the economy, interest rates, and the stock market. Economic growth should in general be good news for the stock market, and it should also generally mean upward pressure on interest rates. A weak economy should be the opposite. However, the stock market tends to welcome news of a cut in rat...

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Are Emerging Markets coming back for good?

Emerging markets (EM), one of the most unloved asset classes of the past few years, have recently proven to be a bright star in the market. As global equities posted another strong week (hitting fresh year-to-date highs across a number of markets), EM continued to strengthen. Its success thus far in 2016 raises a question on an asset class that has struggled for most of the past five years: Is EM finally back? The EM asset class posted a great first quarter, gaining 5.7%, as measured by the M...

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Endowment Wealth Management Weekly Capital Markets Update For Week Ended 04/15/2016

WEEKLY CAPITAL MARKET HIGHLIGHTS: Global equities moved higher, with the S&P 500 hitting a new 2016 high, and extending its surge of nearly 15% from the February low. The increased likelihood that the Federal Reserve (Fed) will hold off on raising rates, behind less-than-impressive economic data, has helped to fuel the market rally. Among equities, small caps outperformed large caps, and value outperformed growth-oriented issues. International equities outpaced U.S. stocks in dollar ter...

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Endowment Index® Closes Higher For Week Ended 4/15/2016

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed 1,024.20 at today, rising from last Friday's close of 1,005.25. The Endowment Index® represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy® or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index® measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Gl...

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Today is the 10 year anniversary of the First Trust U.S. IPO ETF (FPX)

At Endowment Wealth Management we have been recommending and using the above ETF since inception within our Private Equity and Risk Managed Models. We use this ETF as a proxy for public private equity, as these are considered newly listed. We are pleased with this ETF completing it's 10 year of existence. Moreover, the performance over that time period has been impressive as well. The IPOX 100 U.S. Index (that underlies this ETF) currently pools a total market capitalization of approximately ...

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