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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.

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.