APPLETON, WI, April 13, 2016. The Endowment Index® calculated by Nasdaq OMX® increased 1.24% (on a total return basis) for the quarter ended March 31st, 2016, closing at 1,012.60. This compared to the S&P 500, which gained 1.35% for the same period.
After ending 2015 at 1,000.17, the Index began a retreat in early 2016, reaching an intraday quarterly low of 909.44 on February 11th. Global recessionary fears, a slowdown in China, declining oil prices, and concerns of rising U.S. interest rates contributed to an early year selloff that impacted many asset classes within the Index. Beginning February 12th the Index began a steady recovery that continued through the remainder of the quarter. The Index’s intraday high occurred on March 30th at 1,016.85.
Thirteen of the Index’s 19 components provided a positive return for the 1st quarter. While gold was the single best performing overall asset class (+16.4%) for the quarter, the Index components providing the best overall return attributions were global metals & mining (+0.28%), hedge strategies (+0.26%), equity-emerging markets (+0.24%), and domestic real estate (0.19%). Of the 6 components that posted a negative return attribution, emerging markets-China (-0.60%) and international developed equities (-0.21%) were the most significant.
Visit EndowmentIndex.com to download an Index fact sheet or spreadsheet containing longer term performance information. You can also register to receive periodic Endowment Index® updates.
ETF Model Solutions, LLC designs ETF-based investment solutions for advisers, institutions, retirement plans and individual investors based upon the Endowment Investment Philosophy®. The firm is the investment manager for the Endowment Multi Asset ETF Collective Investment Fund, a Collective Investment Trust (CUSIP 26923F105) available for use in 401(k) Plans.
Contact: Tim Landolt, Managing Director, 920.785.6012.
Disclosure: Information presented is for informational and/or 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. 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 investment adviser registered with the State of Wisconsin. You cannot invest directly in an index. Indexes do not contain fees. Performance information contained in this presentation is provided net of any underlying exchange-traded fund expenses, does not include any other fees or expenses. Past performance is not necessarily indicative of future results. A copy of each firm’s respective disclosure document, Form ADV Brochure Part 2, is available upon request.