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.

Endowment Index™ Posts Gain for Week Ending 12/6/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,341.64 Friday, increasing 0.61% from the previous Friday’s close of 1,333.45. 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™ Gains for Week Ending 11/29/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,333.45 Friday, increasing 0.47% from the previous Friday’s close of 1,327.22. 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 11/22/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • US equities traded down slightly on the week, following uncertainty in US-China trade talks as a result of tensions in Hong Kong.
  • The yield on the 10-year US Treasury Note declined from 1.83% at the start of the week to 1.77% at the end of the week.
  • The US dollar finished basically flat against a basket of currencies, sliding modestly from 97.99 to 97.91.
  • WTI crude hit its highest level in a month on November 22, trading at $58.68/barrel as of midday Friday.
  • October Federal Reserve minutes were more optimistic, citing easing, yet still elevated, geopolitical risks and trade tensions. Despite having cut the federal funds rate to a range of 1.5% – 1.75% at its late-October meeting, the central bank signaled a pause in rate cuts going forward.

Click here to download the complete weekly report: EWMWeeklyReview 11.25.19

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

Endowment Index™ Falls 0.32% for Week Ending 11/22/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,327.221 Friday, decreasing 0.32% from the previous Friday’s close of 1,331.51. 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 11/15/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • Stocks in the US were up slightly for the week. Large cap stocks outperformed their small cap counterparts. Meanwhile, value stocks under-performed growth stocks.
  • Short-dated Treasury yields (six months and shorter) fell slightly during the week, while longer-dated Treasury yields fell. Treasuries dated from five to 30 years fell around 10 basis points, leading to a flattening of the yield curve.
  • Developed markets stocks saw slight weakness during the week and under-performed US stocks. Growth stocks outperformed value stocks in developed markets. Emerging market stocks fell, declining by 2% during the week.
  • Volatility was up in markets, as measured by the VIX, which increased more than 7% during the week.
  • Commodity prices were largely lower for the week, led by crude oil, as OPEC indicated it was planning to maintain curbs on crude output throughout next year but would hold off on more aggressive cuts.

Click here to download the complete weekly report: EWMWeeklyReview 11.18.19

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

Endowment Index™ Gains 0.05%, Extends Weekly Win Streak to 5 Weeks

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,331.51 Friday, gaining 0.05% from the previous Friday’s close of 1,330.80. 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 11/8/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • Global equities traded higher this week, with developed markets posting modestly positive returns and international equities slightly edging out domestic stocks. Emerging markets led the way, up more than 2% on the week. Value outperformed growth across all regions.
  • The yield on the 10-Year U.S. Treasury Note pushed higher over the course of the week, beginning at 1.71% on Monday and finishing the week over 1.90% for the first time since late July.
  • The US dollar traded higher all week against a basket of currencies, riding the momentum of higher Treasury yields,  after depreciating for most of October.
  • Gold suffered its biggest weekly percentage decline in two-and-a-half years, giving up more 3% as deescalating trade tensions between the US and China have helped reinvigorate investors’ appetite for risk.
  • In other economic news, the Labor Department’s JOLTS report (which tracks monthly changes in job openings) fell 3.8% in September to 7.024 million. This is the lowest total since March of last year, and may indicate the trade war with China is beginning to takes its toll on the economy.

Click here to download the complete weekly report: EWMWeeklyReview 11.11.19

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

Endowment Index™ Gains 0.09%, Increases for Fourth Straight Week

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,330.80 Friday, gaining 0.09% from the previous Friday’s close of 1,329.57. 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.