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Sam Moore

Endowment Index™ Closes Lower for Week Ending 7/19/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,294.27 Friday, declining 0.54% from the previous Friday’s close of 1,301.35. 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 Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

EWM Weekly Capital Market Highlights for Week Ended 7/12/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • Among equities, the US stock market peaked this week after Fed Chair Powell indicated a probable rate cut this month. On Thursday, the Nasdaq Composite Index dipped a little after President Donald Trump’s tweet indicating challenges in the trade talks between China and the US. European shares ticked up on Friday as auto and chemical shares pushed the Stoxx-600 higher. Equity indices in the Asia-Pacific region dipped due to weak data from China and Singapore.
  • The yield on the 10-Year US Treasury Note rose to 2.13% following the release of strong inflation data.
  • The Dollar Spot Index started the week with an upward trend. However, the index dipped as the week continued, as the increased possibility of the Fed’s interest rate cut weighed on it.
  • The Trump Administration withdrew its proposal to eliminate rebates from government drug plans. Shares of health insurers such as Cigna Corp (CI), United Health (UNH), and CVS Health (CVS), soared.
  • The US budget deficit increased to $747.1 billion for the first nine months of the fiscal year. This reflects a year-over-year increase of 23.10% for the same time period. The Trump Administration expects this figure to exceed $1 trillion for this fiscal year.

Click here to download the complete weekly report: EWMWeeklyReview 7.15.19

Disclosure: Past performance is not necessarily indicative of future results.

Endowment Index™ Declines 0.07% for Week Ending 7/12/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,301.35 Friday, declining 0.07% from the previous Friday’s close of 1,302.27. 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 Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

Endowment Index™ Gained 2.34% in Q2 2019, Up 12.84% YTD

By Endowment Index™

The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or who otherwise incorporate alternative investments within a comprehensive asset allocation. The Index provides an objective tool used for portfolio comparison, investment analysis, and research and benchmarking by fiduciaries, trustees, portfolio managers, consultants and advisers to endowments, foundations, trusts, defined benefit/contribution plans and individual investors.

About the Endowment Index™ calculated by Nasdaq OMX®

The Endowment Index™ uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets as of 12/31/2018. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. Real-time pricing data on the Endowment Index™ can be viewed under the symbol “ENDOW” through major quote providers, including Bloomberg as well as public websites such as Google and Yahoo Finance. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6.

Disclosure: Information presented is for educational purposes only and is not intended as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies, nor shall it be construed to be the provision of investment advice. Past performance is not necessarily indicative of future results. Investments involve risk and unless otherwise stated, are not insured or guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any investment strategies discussed herein. ETF Model Solutions, LLC is registered as an investment adviser with the SEC. ETF Model Solutions is an affiliate of Endowment Wealth Management, Inc., an SEC registered investment adviser. Registration does not imply any level of skill or training, nor does it imply endorsement by the SEC or and other securities regulatory authority. You cannot invest directly in an index. Indexes do not contain fees. Performance information contained in this presentation is provided net of any underlying exchange-traded fund expenses, does not include any other fees or expenses. Past performance is not necessarily indicative of future results. A copy of the Firm’s disclosure document, Form ADV Brochure Part 2, is available upon request.

Endowment Index™ Closes Higher for Week Ended 7/5/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,302.27 Friday, rising 0.68% from the previous Friday’s close of 1,293.49. 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 Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

EWM Weekly Capital Market Highlights for Week Ended 6/28/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • Among domestic equitiess, large cap underperformed small caps; growth underperformed value-oriented securities; international equities outpaced US equities; and emerging markets outperformed developed.
  • The yield on the 10-year U.S. Treasury Note rose modestly to 2.05% from 2.02% at the end of the week.
  • Commodities were mostly higher during the week, buoyed by oil. West Texas Intermediate traded at $59.29 versus $57.678 for the prior week.
  • The US Dollar Index was higher, and the dollar rose, supported by stronger-than-expected US jobs data.

Click here to download the complete weekly report: EWMWeeklyReview 6.28.19

Disclosure: Past performance is not necessarily indicative of future results.

Endowment Index™ Posts Slight Gain for Week Ended 6/28/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,293.49 Friday, rising 0.21% from the previous Friday’s close of 1,290.76.   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 Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

The Endowment Index™ Posted a 2.13% Gain for Week Ended 6/21/2019

By Endowment Index™

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,290.76 Friday, rising 2.13% from the previous Friday’s close of 1,263.79.

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 Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6.

Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

EWM Weekly Capital Market Highlights for Week Ended 6/21/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • Equity markets generally were up around the world, as central bank policies continue to be easy in the face of slowing growth and global trade wars. The S&P 500 Index hit a record high after the Fed;s hint of future rate cuts.
  • Emerging markets led the way, rising more than 4% this week, as investors’ risk appetite returned following the accommodative signals from the Fed and the ECB,
  • Volatility fell this week and the CBOE Market Volatility Index (VIX) was down more than 7%.
  • The US dollar was down slightly for the week.
  • Commodity prices were up during the week, led by a surge in oil prices.
  • Treasury yields declined across all maturities, with the yield on the 10-year US Treasury Note falling to its lowest level in two-and-a-half years. The yield curve continued to be inverted.

Click here to download the complete weekly report: EWMWeeklyReview 6.21.19

Disclosure: Past performance is not necessarily indicative of future results.

EWM Weekly Capital Market Highlights for Week Ended 6/14/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • Stocks were flat for the week. Domestic equities, as measured by the S&P 500 Index, declined marginally and were essentially unchanged from the week before. Small cap stocks experience similar performance.
  • The yield on the 10-year US Treasury Note was unchanged. Yields on 10-year bonds ended the week where they started, at 2.08%. The yield curve for Treasurys remains inverted at the short end, with yields for 3-month and 6-month bills being above longer maturities out to 10 years.
  • Geopolitical concerns rise. Two oil tankers were attacked in the Persian Gulf this week, increasing tensions in the region.
  • China’s economy slows. For the month of May, China reported the slowest growth in its industrial output in 17 years.

Click here to download the complete weekly report: EWMWeeklyReview 6.14.19

Disclosure: Past performance is not necessarily indicative of future results.