Skip to main content
Category

Endowment Index™

Aug 26
Love0

S&P 500 Index closes above 2000 for the first time

By Endowment Index™, General

Tuesday’s finish was the 30th record close this year for the index, which has gained 8.2% in 2014 through the end of trade on Tuesday. The Dow industrials hit an intraday record of 17153.80 on Tuesday but failed to hold a record through the close.

It took 16 years for the S&P to gain 1000 points since breaking through 1000 for the first time in 1998. The stocks in the S&P 500 were trading at 23.1 times their expected 12-month earnings as of March 31, 1998, according to FactSet. As of Friday, the S&P was trading at a price/earnings ratio of 15.5, compared with the 10-year average of 13.9.Back in March 1998, General Electric Co. was the largest company in the index by market value, and it had a forward price-to-earnings ratio of 30.9, according to FactSet. That ratio was 14.8 as of Friday.The biggest stock in the S&P 500 today is Apple Inc., which had a forward P/E ratio of 14.7 as of Friday’s close.

The rally through 2000 marks the S&P’s third major upswing since the late 1990s. The index first breached the 1000 mark on Feb. 2, 1998, and ran as high as 1527 in March of 2000 only to break back below 1000 briefly in September of 2001 and again in June of 2002. The post tech-bubble bull market, which saw the S&P push above 1560 in October 2007, was halted by the onset of the financial crisis. That bear market knocked the index down through 1000 in October 2008 to a multi-year closing low of 676.53 on March 9, 2009.

With the latest milestone in the rear-view mirror, some investors are wondering how much further stocks can go.

(Source: WSJ)

 

May 23
Love0

20 largest university endowments as of June-2013

By Endowment Index™
Rank School Endowment Change from 2012
1 Harvard University $32,334,293,000 6.2%
2 Yale University $20,780,000,000 7.4%
3 University of Texas System $20,448,313,000 12.0%
4 Stanford University $18,688,868,000 9.7%
5 Princeton University $18,200,433,000 7.4%
6 Massachusetts Institute of Technology $11,005,932,000 6.8%
7 Texas A&M University System and Foundations $8,732,010,000 14.3%
8 University of Michigan $8,382,311,000 9.0%
9 Columbia University $8,197,880,000 7.1%
10 Northwestern University $7,883,323,000 10.7%
11 University of Pennsylvania $7,741,396,000 14.6%
12 University of Notre Dame $6,856,301,000 8.3%
13 University of Chicago $6,668,974,000 1.5%
14 University of California $6,377,379,000 7.0%
15 Duke University $6,040,973,000 8.7%
16 Emory University $5,816,046,000 6.5%
17 Washington University in St. Louis $5,651,860,000 8.1%
18 Cornell University $5,272,228,000 6.6%
19 University of Virginia $5,166,660,000 7.9%
20 Rice University $4,836,728,000 9.5%
Note: The change in endowment value reflects investment returns, additions from donor gifts and other contributions, fee payments and university withdrawals during the fiscal year ended June 30, 2013.
Source: 2013 NACUBO-Commonfund Study of Endowments

First Published: January 28, 2014: 3:06 PM ET
May 09
Love0

Launch of “Endowment Index”

By Endowment Index™

Financial Products News #2014 – 29
NASDAQ OMX Announces Launch of the Endowment Index Effective May 19, 2014

Markets Impacted:

  • All Markets

Data Feeds Impacted:

  • NASDAQ OMX Global Index Data Service (GIDS 2.0)
  • NASDAQ Global Index Watch (GIW)

Contact Information:

What you need to know:

Effective Monday, May 19, 2014, NASDAQ OMX will begin disseminating the Endowment IndexTM(Symbol: ENDOW) on the NASDAQ OMX Global Index Data ServiceSM (GIDS 2.0).

What is the new Index?

The Endowment IndexTM is an objective benchmark for investors who implement a three dimensional portfolio that incorporates alternative investments.  This investable index is used for portfolio comparison, investment analysis, research and benchmarking purposes by fiduciaries such as trustees, portfolio managers, consultants and advisors to endowments, foundations, trusts, DB/DC plans, pension plans and individual investors.  The Endowment IndexTM has been co-created by Endowment Wealth Management, Inc. and ETF Model Solutions, LLC.

How is the Index disseminated?

Effective Monday, May 19, 2014, data recipients will receive real-time index information from the proprietary GIDS 2.0 data feed with the following attributes:

Instrument ID Instrument Name Currency Frequency FP Type Brand
ENDOW Endowment Index USD 1S I CI

 

In addition to the real-time tick messages, NASDAQ OMX will support the following directory messages on GIDS 2.0:

  • Equities Summary (Message Type F): Disseminated at the end of the U.S. and European trading session to relay the summary of the current trading day’s activity for an equity index.
  • Index Directory (Message Type R): Disseminated at the start of each day to relay basic index information.

Will the components and weightings data be made available?

Yes. For access and more information on the Endowment  on NASDAQ Global Index Watch (GIW), please contact NASDAQ OMX Global Data Sales.

Where can I find additional information?

For questions about NASDAQ OMX Index products, please contact NASDAQ OMX Global Indexes at +1 301 978 8284.

Subscribe to Email Alerts:
NASDAQ OMX is offering customers the ability to self select news delivery across various NASDAQ OMX markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the NASDAQ Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding NASDAQ’s trading and data products, regulatory issues or marketplace initiatives.

About the NASDAQ OMX Group:

The NASDAQ OMX Group, Inc. is the world’s largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.