Bringing you live news and features since 2006 

Endowment Index ends challenging Q1 2016 on a high note


The Endowment Index calculated by Nasdaq OMX increased 1.24 per cent (on a total return basis) for the quarter ended 31 March, 2016, closing at 1,012.60.  This compared to the S&P 500, which gained 1.35 per cent for the same period. 

After ending 2015 at 1,000.17, the Index began a retreat in early 2016, reaching an intraday quarterly low of 909.44 on 11 February. Global recessionary fears, a slowdown in China, declining oil prices, and concerns of rising US interest rates contributed to an early year selloff that impacted many asset classes within the Index. Beginning February 12th the Index began a steady recovery that continued through the remainder of the quarter. The Index's intraday high occurred on 30 March at 1,016.85.

Thirteen of the Index's 19 components provided a positive return for the 1st quarter. While gold was the single best performing overall asset class (+16.4 per cent) for the quarter, the Index components providing the best overall return attributions were global metals & mining (+0.28 per cent), hedge strategies (+0.26 per cent), equity-emerging markets (+0.24 per cent), and domestic real estate (0.19 per cent).  Of the 6 components that posted a negative return attribution, emerging markets-China (-0.60 per cent) and international developed equities (-0.21 per cent) were the most significant.

Latest News

As the ETF industry reaches a milestone of USD12.71 trillion in global assets, Brown Brothers Harriman writes that its 2024..
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin closed last week at approximately USD66,300, marking a 7.8 per..
HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by