Endowment Index® Declines 0.58% for Week Ending 4/24/2020

By S Moore
In April 27, 2020
On Blog
63 Views

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,158.01 Friday, decreasing 0.58% from the previous Friday’s close of 1,164.73.

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 (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 770 educational institutions managing over $630 billion in total assets (as of 6/30/19). Each of the 24 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 44,000 underlying securities. You can obtain real-time pricing data on the Endowment Index under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index is F00000TPG6.

Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.