Endowment Index Data Widely Available

The Bloomberg, Morningstar, and Interactive Data databases now include historical data for the Endowment Index. In addition, the more than 30,000 advisers on the Envestnet platform can now select the Endowment Index to benchmark client portfolios.

Endowment Index data can be accessed through most major quote providers and websites under the symbol “ENDOW.”

The Endowment Index, launched by Endowment Wealth Management and ETF Model Solutions, helps trustees, portfolio managers, consultants and advisers to endowments, foundations, trusts, defined benefit/defined contribution plans, pension plans and individual investors more appropriately track the performance of and analyze globally-diversified, multi-asset portfolios. The index is an objective benchmark comprised of three major asset class building blocks: Global Equity, Global Fixed Income, and Alternatives, which includes hedge funds, private equity and real assets. It is a total return index and all underlying components are comprised of exchange-traded funds or other investable securities. 

“The proliferation of exchange-traded products and mutual funds that offer alternative strategies in liquid form is leading to the increasing adoption by investors outside of the institutional endowment universe,” says Prateek Mehrotra, Chief Investment Officer of Endowment Wealth Management, based in Appleton, Wisconsin.

In August, Alta Trust Company partnered with ETF Model Solutions LLC to develop and launch the Endowment Collective Investment Fund for defined contribution plans, which seeks to improve risk-adjusted returns of traditional portfolios of stocks and bonds by adding alternative investments.