APPLETON, Wis., October 11, 2018 /PRNewswire/ — The primary economic news of the third quarter was the continued strength of the US economy, as illustrated in the Index’s top performing constituent domestic equity. The Federal Reserve carried out their planned interest rate hikes in Q3, raising rates a quarter percentage in September. Emerging markets, particularly China, remained in poor favor as global trade protectionism persisted between the US and China.
Eleven of the Index’s nineteen components posted gains during Q3, six of the index’s constituents gained more than two percent. The top six gainers included domestic equity (+7.10%), private equity (+5.08%), commodities- oil & gas (+2.41%), emerging markets- fixed income (2.37%), managed futures (+2.21%), and private equity-distressed debt (+2.11%). Of the 8 components posting declines, gold (-5.11%), emerging markets-China (-4.44%), commodities (-2.83%) and international real estate (-2.73%) were the most significant
The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or who otherwise incorporate alternative investments within a comprehensive asset allocation. The Index provides an objective tool used for portfolio comparison, investment analysis, and research and benchmarking by fiduciaries, trustees, portfolio managers, consultants and advisers to endowments, foundations, trusts, defined benefit/contribution plans and individual investors.
About the Endowment Index™ calculated by Nasdaq OMX®
The Endowment Index™ uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $500 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 33,000 underlying securities. Real-time pricing data on the Endowment Index™ can be viewed under the symbol “ENDOW” through major quote providers, including Bloomberg as well as public websites such as Google and Yahoo Finance. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6.
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