Endowment Index™ Gains 20.19% in 2019, Best Annual Performance Since 2009

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.

Definitions:  Global 60-40 Stock-Bond Portfolio is an index comprised of 60% MSCI All-Country World Index + 40% Barclays Global Aggregate Bond Index.

Disclosures:  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.  Endowment Index™ results are presented net of any underlying constituent exchange-traded fund expenses. 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 a certain level of skill or training.  You cannot invest directly in an index. Indexes do not contain fees.   A copy of the Firm’s disclosure document, Form ADV Brochure Part 2, is available upon request.

The Endowment Index™ is the exclusive property of ETF Model Solutions, LLC under license from its affiliate, Endowment Wealth Management, Inc. (“EWM”). EWM has contracted with The NASDAQ OMX Group, Inc. (collectively, with its subsidiaries and affiliates, “NASDAQ OMX”) to calculate and maintain the Endowment Index™. NASDAQ OMX® shall have no liability for any errors or omissions in calculating the Endowment Index™.

 NASDAQ OMX® provides either actual historical index values or back-tested histories for certain indexes.  All back-tested index values for periods prior to the launch date of an index are merely indicative, and they are provided “AS IS” for informational and educational purposes only.  NASDAQ  OMX® makes no guarantee as to the accuracy, timeliness, completeness, or fitness for any particular purpose of or for any index values, either historical or back-tested. Nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Past performance is not indicative of future results.

 Endowment Index™ historical back test was constructed based upon actual reported historical asset allocations of reporting fund managers, with those allocations held constant for 1 year. Underlying index price data based upon monthly prices. 

 Back-tested performance is NOT an indicator of future actual results. There are limitations inherent in hypothetical results particularly that the performance results do not represent the results of actual trading using client assets, but were achieved by means of retroactive application of a back tested model that was designed with the benefit of hindsight. The results reflect performance of a strategy not historically offered to investors and do NOT represent returns that any investor actually attained. Back-tested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses.

 Back-tested performance is developed with the benefit of hindsight and has inherent limitations.  Specifically, back-tested results do not reflect actual trading, or the effect of material economic and market factors on the decision-making process, or the skill of the adviser. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Further, back-testing allows the security selection methodology to be adjusted until past returns are maximized. Actual performance may differ significantly from back-tested performance.

Endowment Index™ Increases for Week Ending 1/10/2020

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,383.39 Friday, increasing 0.28% from the previous Friday’s close of 1,379.58. 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™ Increases 0.20% for Week Ending 1/3/2020

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,379.58 Friday, increasing 0.20% from the previous Friday’s close of 1,376.89. 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.

We’ve Moved to a New Home!

By General

Endowment Wealth Management has a new home. This past month we moved to a new Appleton headquarters located at W6272 Communication Court, Appleton, Wisconsin 54914. Please stop by if you are ever in the area and want to check out our new building!

Endowment Index™ Posts 0.66% Weekly Gain for Week Ending 12/27/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,376.89 Friday, increasing 0.66% from the previous Friday’s close of 1,367.82. 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 Ending 12/20/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • Global equity markets were up broadly this week. US markets were led by the tech-heavy NASDAQ, with the DIJA, S&P 500 Index, and NASDAQ notching intraday record highs early Friday. International stocks were largely up; however, they trailed emerging markets, which posted strong returns for the week. Brazil and Argentina contributed significantly, while Turkey detracted.
  • Treasury yields rose on Wednesday. The yield on the 10-year U.S. Treasury Bill and the 30-year U.S. Treasury Bond both rose 3.4 basis points to 1.92% and 2.35%, respectively, their highest levels since early November.
  • Commodities rose, with the Bloomberg Commodity Index finishing marginally higher after an overall positive week. Within the index, oil prices jumped, lifted by the “phase-one” US-China trade deal that appears to have eased tensions.
  • The US dollar ended the week higher against a basked of major trade partners’ currencies. On Friday, the dollar was set for its best week since early November, after a number of encouraging US economic data releases, which make a near-term cut in interest rates less likely.
  • In other economic news, third-quarter gross domestic product (GDP) remained at 2.1%, buoyed by strong consumer spending, the main engine of economic growth in the US. This uptick in spending was offset by a decrease in business investment, falling from 2.7% to 2.3%.

Click here to download the complete weekly report: EWMWeeklyReview 12.23.19

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

Endowment Index™ Gains 0.96% for Week Ending 12/20/2019

By Endowment Index™

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,367.82 Friday, increasing 0.96% from the previous Friday’s close of 1,354.83.

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 Ending 12/13/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • US equities seesawed during the week, affected by the impeachment proceedings and the announcement of a”phase one” trade deal with China. The S&P 500 Index ended the week slightly higher. European equities fared better, posting gains of over 1% for the week. UK stocks surged by over 1.5% on Friday after the landslide victory for the Tories. Emerging markets equities were the bright spot of the week, up by almost 3%.
  • Treasury yields increased most of the week but fell on Friday after the announcement of the partial trade deal with China. The yield on the 10-year note fell below 1.83%.
  • Commodity prices floated higher, sustained by strength in energy prices. Gold also soared during the week after the Fed decision to leave rates unchanged and the trade deal announcement on Friday.
  • US retail sales rose less than expected in November, posting a gain of only 0.2%, after increasing 0.4% in October.
  • US consumer prices increased more than expected in November, posting a gain of 0.3%. The number was affected by increased gasoline costs. US producer prices however were unchanged in November, with declining costs of services offsetting the increases in food and gasoline prices.
  • US Weekly jobless claims surged to 252,000 for the week ending December 7, the highest reading since September 2017. The period following the Thanksgiving Day holiday is notoriously volatile however, which means that the high jobless numbers does not necessarily signal an increase in layoffs.

Click here to download the complete weekly report: EWMWeeklyReview 12.16.19

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

Endowment Index™ Gains 0.98% for Week Ending 12/13/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,354.83 Friday, increasing 0.98% from the previous Friday’s close of 1,341.64. 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 Ending 12/6/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • Domestic equities were slightly positive to flat for the week, with small cap stocks appreciating the most and value stocks outpacing growth. International equities were positive for the week, outpacing their domestic counterparts, but emerging markets stocks ended the week in slightly negative territory.
  • The Treasury yield curve steepened through end-of-day Thursday, with shorter-term yields falling while longer-term yields increased.
  • The US dollar weakened during the week, as US manufacturing data came in worse than expected, renewing concerns about the slowing economy.
  • Commodities appreciated for the week on the back of strong returns from energy prices and a slight upward move for gold.
  • In other economic news, the Institute of Supply Management (ISM) has released the November Non-Manufacturing Purchasing Manager’s Index (PMI) and reported a headline composite number of 53.9, down 0.8 from last month Despite the decline, this reading represents continued growth in the non-manufacturing sector.

Click here to download the complete weekly report: EWMWeeklyReview 12.09.19

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