APPLETON, Wis., April 12, 2017 /PRNewswire/ -- The Endowment Index® calculated by Nasdaq OMX® increased 4.95% (on a total return basis) for the quarter ended March 31st, 2017, closing at 1,125.13. This compared to the S&P 500, which gained 6.05% for the same period.
Global markets have had a broad and favorable upward bias to start 2017. This was reflected in fifteen of the Index's 19 components providing a positive return for the 1st quarter. While emerging markets-diversified was the single best performing overall asset class (+11.74%) for the quarter, the Index components providing the greatest overall contribution to the Index's positive performance were private equity (+1.02%), domestic equity (+0.92%), and international developed equity (+0.70%). Negative performers included oil & gas, managed futures, commodities and international bonds, although the impact from these declines was minimal.
The index was reconstituted and rebalanced in early February, with some minor changes to several asset classes. Overall, the allocation to alternatives increased by 1% to 53% while the overall bond allocation decreased by 1% to 8%. Within those asset classes, venture capital increased while allocations to developed and emerging market debt, as well as distressed debt were reduced.
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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 adviser to MyRoboAdviser.com, a digital investment advisory service that provides investment solutions to individual investors based upon holdings within the Endowment Index®.
Disclosure: Information presented is for informational and 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. Current performance may be lower or higher than the performance data cited. 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. All investments are subject to risk and unless otherwise stated, are not insured or guaranteed. You should not assume that any investments or strategies discussed herein are or will be profitable. You should consult with an adviser and consider your goals, risk tolerance, and the risks and costs of investing before making any investment decision. The S&P 500 is a widely-used barometer of U.S. stock market performance; as a market-weighted index of leading companies in leading industries, it is dominated by large-capitalization companies.
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SOURCE ETF Model Solutions, LLC