15 Jul Endowment Index 2Q 2020 Update
APPLETON, Wis., July 14, 2020 /PRNewswire/ — The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) gained 15.40% (on a total return basis) for the second quarter ended June 30, 2020. This compares to the Global 60-40 Portfolio (60% Stocks, 40% Bonds), which increased 12.04% for the same period.
Following one of the most volatile quarters in the history of global capital markets, asset prices rebounded sharply in Q2 2020. Signs of an economic recovery and easing of COVID-19 lockdowns increased investors’ appetites for risk and were the primary drivers of returns. The quick recovery in asset prices is also partially attributable to the commitments from both government stimulus and central banks to help facilitate the economic recovery and provide ample liquidity.
Twenty-two of the Index’s twenty-four components posted gains for Q2 2020, with fifteen posting double digit gains. The top performing component of the Index for Q2 2020 was oil & gas, which gained 47.61%. Treasuries & managed futures were the two laggards, posting losses of -0.01% and -3.57%, respectively.
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