APPLETON, Wis., Jan. 8, 2018 /PRNewswire/ — The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) gained 17.6% (on a total return basis) for the year ended December 31, 2017. This compares to the S&P 500, which gained 21.8% for the same period.
The Index began the year at 1,072.11 and never once dipped below that mark. Consistent with the low-volatility environment that global markets experienced in 2017, the Index rose steadily, posting gains in each of the 4 quarters. The Index’s greatest retracement was just 1.64%, occurring during the first week of August.
Eighteen of the Index’s nineteen components posted gains in 2017. Natural resources-metals & mining (+37.1%), emerging markets equity (+36.8%), emerging markets equity-China (+31.8%), natural resources-timber (+29.8%), international real estate (+26.5%), and equity-international developed (+26.4) posted the strongest gains. Managed futures (-3.2%) posted the only decline among Index constituents.