APPLETON, Wis., Feb. 1, 2018 /PRNewswire/ -- The Endowment Index®, calculated by Nasdaq OMX® (Symbol: ENDOW) has reconstituted and rebalanced its overall asset allocation for 2018 to maintain true representation, as follows:
Endowment Index® 2018 Target Asset Allocation (%)
Global Fixed Income
These index updates are effective Thursday, February 1, 2018. The Endowment Index® represents the investable opportunity for managers of portfolios utilizing an Endowment investment methodology or otherwise incorporate alternative investments within a comprehensive asset allocation strategy.
The Endowment Index® gained 17.61% (total return) for the calendar year ended December 31, 2017. For the fiscal year as measured by most endowments (ended June 30, 2017), the Endowment Index® returned +13.86%, which compared to the average university endowment portfolio return of +12.20% (net of fees), as reported by the Commonwealth NACUBO study.
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.
To download Endowment Index® historical pricing data, obtain a fact sheet containing comparative performance information to other major indices, or learn more, visit www.EndowmentIndex.com.
ETF Model Solutions, LLC serves its clients as an ETF strategist, designing and managing ETF-based investment solutions for advisers, institutions, retirement plans and individual investors based upon the Endowment Investment Philosophy®. The Firm offers ETF-based diversified target-risk models and asset class models for use by investment advisers and retirement plans. ETF Model Solutions, LLC also provides digital investment services to individual investors through the website, www.MyRoboAdviser.com.