Endowment Index™ Declines 0.91% for Week Ended 5/17/2019

By | Endowment Index™

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,258.03 Friday, declining 0.91% from the previous Friday’s close of 1,269.56.

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 5/17/2019

By | Financial Markets & Economy, Weekly Capital Market Updates
  • Risk assets faced selling pressure for the second straight week, as investors continued to digest the current state of global trade wars. Although markets experienced deep losses on Monday, the remainder of the week was spent regaining some of the loss in value. Large cap stocks outperformed small cap; developed stocks outperformed emerging markets equities; and growth and value were evenly split.
  • The yield on the 10-year US Treasury was lower, trading below 2.40% from 2.46% the prior week, as investors moved to safer assets.
  • Walmart (WMT) will raise prices on some products as a result of tariffs on Chinese goods. The company also announced it will offer next-day shipping in a move to compete with Amazon (AMZN).
  • Bitcoin surged higher, reclaiming 7,000 and then 8,000 price levels earlier in the week, before selling off on Friday. Although the cryptocurrency has spent much of 2019 hovering near 4,000, it has surged higher in recent weeks.
  • Uber (UBER) faced challenges in its first full week of trading, falling as low as $36.08, or -19.80% from its IPO price of $45, on Monday, before recovering to $43 by Thursday’s close.
  • Initial jobless claims fell 16,000 to 212,000, their lowest level in a month.

Click here to download the complete weekly report: EWMWeeklyReview 5.20.19

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

EWM Weekly Capital Market Highlights for Week Ended 5/10/2019

By | Financial Markets & Economy, Weekly Capital Market Updates
  • Global equity markets fell last week on talk of an escalation of the US’s trade war with China. Japan suffered the smallest drop of the week, down roughly 2.50% European stocks were down nearly 3.00%, while US equities were down more than 3.20% on the week.
  • Treasury yields were lower. Yields on five- and ten-year issues were down roughly nine basis points on the week, driven largely by the same trade issues. The US investment grade fixed income indices were some of the few winners for the week.
  • The US Dollar Index was down slightly last week. After an up and down start to the week, the trade-weighted index sold off sharply on Thursday and Friday.
  • Crude oil rallied nearly $2 a barrel on Monday, but proceeded to trade sideways for the remainder of the week. Growing tensions between the US and Iran over its nuclear program could disrupt production and push prices higher in the coming weeks.

Click here to download the complete weekly report: EWMWeeklyReview 5.13.19

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

Endowment Index™ Declines 1.91% for Week Ended 5/10/2019

By | Endowment Index™

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,269.56 Friday, declining 1.91% from the previous Friday’s close of 1,294.28.

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 5/3/2019

By | Financial Markets & Economy, Weekly Capital Market Updates
  • In equities, the S&P 500 arrested its two day slide after Friday’s better-than-expected jobs data. European shares ticked higher on Friday, as the Stoxx-600 Index recovered from its midweek slide, aided by gains in banks and Adidas stock. Equity indices in the Asia-Pacific region ended the week on a mixed note, while markets in China and Japan remained closed. Oil declined for the second straight week, as stockpiles in the US rose to their highest levels since 2017.
  • The yield on the 10-Year US Treasury Note rebounded to the 2.50% level after the Fed said that the inflation decline is transient. However, the yield rose after Friday’s strong jobs data.
  • The Dollar Spot Index gained in the wake of the Fed keeping rates unchanged and better jobs data
  • Beyond Meat (BYND), the vegan unicorn, became the latest unprofitable, disruptive company to go public. Its share price soared 163%, closing in at $65.75, marking the best first day percentage gain for an IPO this year in the US.
  • Among major economic data, the ISM manufacturing index for April fell to 52.80% from 55.30% in March. The April reading is the lowest since October 2016.

Click here to download the complete weekly report: EWMWeeklyReview 5.06.19

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

Endowment Index™ Gains 0.36% for Week Ended 5/3/2019

By | Endowment Index™

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,294.28 Friday, increasing 0.36% from the previous Friday’s close of 1,289.65.

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 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 4/29/19

By | Financial Markets & Economy, Weekly Capital Market Updates
  • Among equities, large caps trailed small caps; growth stocks beat value stocks; international stocks underperformed US stocks; and developed markets outperformed emerging markets.
  • Treasury yields fell. The yield on the 10-year US Treasury Note slid back to 2.50% from 2.56% at the beginning of the week.
  • Commodity indices declined. Crude oil prices plunged towards the end of the week after rising early in the week.
  • Dollar rose. The dollar jumped and the dollar index (DXY) hit a 52-week high during the week.
  • Among major economic data, Q1 2019 GDP rose 3.2%; new home sales jumped, initial jobless claims rebounded; and durable goods orders surged.

Click here to download the complete weekly report: EWMWeeklyReview 4.29.19

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

The Endowment Index™ Posts Slight Decline for Week Ended 4/26/19

By | Endowment Index™

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,289.65 Friday, declining 0.08% from the previous week’s close of 1,290.67.

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 4/12/19

By | Financial Markets & Economy, Weekly Capital Market Updates
  • Domestic equities were slightly negative through Thursday, but Friday turned the market positive for the week. International equities were mostly flat as well, with emerging market stocks outperforming their developed market counterparts.
  • Treasury yields were were flat through the end of the day Thursday.
  • The US dollar weakened during the week, dropping to its lowest level in two weeks. The weakness was driven by strength in the Euro and economic news that boosted demand for riskier assets.
  • Commodities were up for the week, driven by increases in oil and gold prices.

Click here to download the complete weekly report: EWMWeeklyReview 4.15.19

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

Endowment Index™ Posts Slight Gain for Week Ended 4/12/19

By | Endowment Index™

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,290.37 Friday, rising 0.22% from the previous Friday’s close of 1,287.54.

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.