Endowment Index Ends Second Straight Year at Record High | Chief Investment Officer
Despite 10.14% rise during 2020, the index still underperformed a 60/40 stock-bond portfolio. The Endowment Index calculated by Nasdaq OMX rose 10.14% to 1,517.54 in 2020 to end a second straight year with a record high. However, the index still underperformed a global portfolio of 60% equities and 40% fixed income, which returned 13.77% during the year. Not surprisingly, the index had a rough start to the year as the COVID-19 pandemic exploded during the first quarter and sent global stock markets crashing. As a result of the global asset sell-off, the index tumbled to 987.70 on March 23. Bu...
Source: ai-cio.com