EWM Weekly Capital Market Highlights for 8/18/2017

WEEKLY CAPITAL MARKET HIGHLIGHTS: US equities continue to slide. Last week’s worries over a potential armed conflict with North Korea were replaced this week by concern over President Trump’s ability to move forward on economic and tax policy in the aftermath of the violence in Charlottesville, VA over the weekend, as well as fresh terrorist attacks in Spain. The Dow Jones Industrial Average is likely to have its worst two-week loss since September of last year. Housing data remains ...

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University Endowments Reporting Significantly Improved Investment Returns Over Past Fiscal Year

Early reporting data from schools providing endowment performance for the fiscal year ended June 30,2017 suggest that university endowments boosted their investment returns significantly over the last fiscal year from 2016. The median gain for all colleges reporting is 11.3 percent, while the median gain for larger schools (over $500 million in assets) was 13.3 percent for the 12-month period ended June 30th as reported by the Wilshire Trust Comparison Service. Comparatively, the Endowment Index...

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Endowment Index® Closes Higher for Week Ended 8/18/2017

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed today at 1,179.17, rising from last Friday’s close of 1,177.68. 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 include...

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Endowment Wealth Management Weekly Capital Markets Update for Week Ended 8/11/2017

WEEKLY CAPITAL MARKET HIGHLIGHTS: US equity markets seesawed this week, affected by the sparking tensions between US and North Korea. European equities faced their worst week since Trump’s election. Emerging markets were the most affected with South Korean equities weighing in the index. The yield on the 10-Year Treasury Note edged lower at around 2.19% in a risk-off market. The dollar weakened slightly as did the euro which changed course from the sustained strength registered last...

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Endowment Index® Closes Lower For Week Ended 8/11/2017

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed today at 1,177.68, falling from last Friday’s close of 1,195.74. 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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The United States of Unicorns

Collectively, US unicorns are worth approximately $360B. Combined, these companies have raised just over $73B. To see the full list of US unicorns and associated data, check out the CB Insights blog. The United States is home to 105 unicorn companies valued at $1B+. As of 7/25/2017, six private US companies are worth over $10B. The two most valuable unicorns in the US are Uber ($68B) and Airbnb ($29.3B). Palantir Technologies and WeWork, both valued at $20B, are tied for third. Of the top ...

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Endowment Index® Closes Higher For Week Ended 8/4/2017

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed today at 1,195.74, rising from last Friday’s close of 1,192.61. The Index hit an all-time closing high of 1,197.31 on Tuesday, August 1. 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 mu...

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EWM Macro View-July 2017

Domestic equity markets continued their move higher in July, with the major US indices closing the month near record-level territory. Market participants focused their attention on positive developments, including strong economic data, robust corporate results, and an improving global macro environment, filtering out the negative media attention on the Executive branch and Congress’s lack of progress on healthcare and tax reform. With more than two-thirds of the S&P 500 Index’s (the Inde...

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Endowment Wealth Management Weekly Capital Markets Update for Week Ended 8/4/2017

WEEKLY CAPITAL MARKET HIGHLIGHTS: Returns were relatively evenly split across growth versus value, while small cap trailed versus large cap. International developed and emerging markets equity returns continued their strength relative to domestic equities. The Dow Jones Industrial Average (DJIA) topped 22,000 for the first time, marking the third 1,000 point milestone reached this year, as the DJIA eclipsed 20,000 in late January and 21,000 in March. The yield on the 10-Year Treasury No...

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Endowment Wealth Management Weekly Capital Markets Update for Week Ended 07/28/2017

Post On July 28, 2017 by

WEEKLY CAPITAL MARKET HIGHLIGHTS: The Domestic Equity markets ended nearly flat to down. The International Equity and Emerging Equity markets were up marginally. The Nasdaq also closed lower at 6,382.19, slipping 0.1%, as tech stocks dropped 0.8% to lead decliners. The yield on the 10-Year Treasury Note traded below 2.30%, as investors bid up Treasurys. The US currency slid again Wednesday, after the Federal Reserve left its benchmark interest rate unchanged. Many analysts don’t ex...

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