Appleton, WI April 19, 2022 — The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) declined 6.32% (on a total return basis), for the quarter ended March 31, 2022, which compares to a Global 60-40 portfolio which declined 5.62% for the same period.
The top performing component of the Index for Q1 2022 was oil & gas, which gained 38.51%. The other gainers were commodities, metals & mining, publicly traded MLPs, and gold. Private equity was the worst performing component for the Index, posting a loss of -15.73% for the quarter. The other two primary laggards were emerging markets equity – China & emerging markets fixed income, posting losses of -14.64% & -9.17%, respectively.
The Index’s annual reconstitution and rebalancing was completed during Q1 2022. The broad allocations between equities, fixed income & alternatives changed slightly, with equities reduced by 2%, fixed income reduced by 1% and the allocation to alternatives increased by 3%.