15 Oct Endowment Index® 3Q Performance Report
October 15, 2020. Appleton, WI–The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) gained 5.05% (on a total return basis) for the third quarter ended September 30, 2020. This compares to the Global 60-40 Portfolio (60% Stocks, 40% Bonds), which increased 5.89% for the same period.
The economic recovery continued in Q3 2020 and overall, equity markets posted strong gains with the S&P 500 Index rising 8.9%. The gains were not limited to U.S. markets as developed and emerging market equities were up 9.77% and 8.04%, respectively for the quarter.
Twenty-one of the Index’s twenty-four components posted gains for Q3 2020, with four posting double digit gains. The top four performing components of the Index for Q3 2020 were emerging market equity – China (+15.57%), timber (+14.57), private agriculture (+12.13) and commodities/diversified futures (+11.59%). Publicly traded MLP’s and oil & gas were the two laggards, posting losses of -16.65% and -20.35%, respectively.
Definitions: Global 60-40 Stock-Bond Portfolio index comprised of 60% MSCI All-Country World Index + 40% Barclays Global Aggregate Bond Index
Past performance is not necessarily indicative of future results.