Endowment Index® First Quarter 2021 Performance Update
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APPLETON, Wis., April 12, 2021 /PRNewswire/ The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) increased 4.43% (on a total return basis) for the quarter ended March 31, 2021. This compares to a Global 60-40 Index (60% Stocks, 40% Bonds), which gained 1.02% for the same period.
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Equity markets continued their march forward in Q1, primarily driven by the passage of the $1.9 trillion stimulus package as well as strong progress in the vaccine rollout. Two noteworthy trends within equity markets were the rotations from growth to value and large-cap to small-cap. Beyond equities, the 10-year Treasury yield increased 83 bps & the U.S. dollar strengthened throughout the quarter. Of the 22 index components, 14 were up and 8 were down.
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