APPLETON, Wis., Oct. 6, 2017 /PRNewswire/ -- The Endowment Index® calculated by Nasdaq OMX® closed at an all-time high of 1,215.48 to end the third quarter of 2017, an increase of +4.07% on a total return basis over its 2Q closing price. Comparatively, the S&P 500 gained 4.48% during this same period. The Endowment Index® has gained +13.37% in 2017, vs. 14.24% for the S&P 500.
The broad and favorable upward bias of global markets from the first half of 2017 continued into the 3rd quarter. All but one of the Index's 19 components posted gains during Q3. Energy & natural resources- metals & mining (+14.66%) and oil & gas (+7.69%) were the two best performing components. However, their relatively small weighting provided nominal contribution to the Index's increase. Private equity, along with all 4 equity components (domestic, international-developed, international-emerging market and international-emerging market/China) comprised 62% of the Index's gain during Q3. The only declining component was managed futures, which closed the quarter with a fractional loss.
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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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