Endowment Index™ Posts Gain for Week Ending 11/29/2019

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,333.45 Friday, increasing 0.47% from the previous Friday’s close of 1,327.22. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments...

Exchange-Traded Notes (ETNs): Know What You Own

Clients should always understand what their adviser has placed into their portfolios, why the investments are being used, and what are the particular risks.  A recent Bloomberg report highlighted that Ken Fisher Investments has made a significant bet on Exchange-Traded Notes (ETNs) accounting for approximately $6.2 billion of the $22 billion of issued ETNs, and about 5% of the total assets that he manages for clients. Its important to...

Endowment Index™ Falls 0.32% for Week Ending 11/22/2019

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,327.22 Friday, decreasing 0.32% from the previous Friday’s close of 1,331.51. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments...

It’s capital gains distribution season -check your ETFs (and mutual funds)

Mutual funds and even some ETFs typically distribute taxable capital gains to shareholders in December of each year.  ETFs are commonly more tax efficient and thus less likely than mutual funds to have an annual capital gains payout.  However, there are some ETFs that may have capital gains distributions, and you should confirm the distribution status annually to avoid an unexpected tax liability. Some fund groups are better than...

Endowment Index™ Gains 0.05%, Extends Weekly Winning Streak to 5 Weeks

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,331.51 Friday, gaining 0.05% from the previous Friday’s close of 1,330.80. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments...

Custodians Move to $0 Commissions Impacts Advisory Firms

Over the past month, large custodians including Schwab, Fidelity and others have eliminated commissions for both retail clients and RIA custody clients.  For some RIAs, especially those that offer services via wrap fees that previously were absorbing these costs, these RIAs need to evaluate whether or not their Form ADV disclosures need to be updated. Since trading costs no longer need to be considered in factoring in investment allocations,...

Endowment Index™ Gains 0.09%, Increases for Fourth Week in a Row

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,330.80 Friday, gaining 0.09% from the previous Friday’s close of 1,329.57. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments...

Endowment Index™ Gains 1.07% for Week Ending 11/1/2019

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,329.57 Friday, gaining 1.07% from the previous Friday’s close of 1,215.52. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments...

Endowment Index™ Gains 0.44% for Week Ending 10/18/2019

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,302.87 Friday, gaining 0.44% from the previous Friday’s close of 1,297.19. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments...

Model Expense Disclosure

The Model Weighted Average Net Expense Ratio applies only to the portion of the model that is comprised of mutual funds and/or ETFs. It reflects expense waivers or reimbursements from the fund companies, which may not be permanent. The data used to calculate the Model Weighted Average Net Expense Ratio is obtained from a third-party data provider and is believed to be accurate, but has not been verified by...