Press Release: Endowment Index™ Gains 20.19% in 2019

By admin
In January 10, 2020

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) gained 20.19% (on a total return basis) for the year ended December 31, 2019. This compares to the Global 60-40 Portfolio (60% Stocks, 40% Bonds), which gained 19.11%. The Index ended 2019 at an all-time closing high of 1,377.82.

2019 started off strong with asset prices rebounding from a dismal Q4 2018 and ended with several major indexes at or near record highs. The U.S.-China trade war dominated headlines and investor interest throughout the year until a ‘phase 1’ deal was reached in December. In response to both domestic and global economies showing signs of slowing, the Federal Reserve cut interest rates three times. In other economic news, the U.S. unemployment rate persisted at a 50-year low, inflation remained tame and the U.S. economic expansion continued into its 11th year, the longest in U.S. history.

Seventeen of the Index’s nineteen components posted gains during 2019, with twelve increasing by more than 10%. The top performers included emerging market equity- China (+35.57%), private equity (+34.80%), U.S. equity (+30.80%) and domestic real estate (+28.91%). The two components that fell posted modest declines, commodity/diversified futures (-1.65%) and managed futures (-2.73%).

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