Endowment Wealth Management has rolled out an endowment index in partnership with ETF Model Solutions, which is available as a benchmarking tool for investors.
Offering independent benchmark for fiduciaries, the index will act as a tool for investors in globally-diversified, multi-asset portfolios that include alternative investments.
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Calculated by Nasdaq OMX, the Endowment Index is an objective benchmark, which includes three major asset class building blocks, such as global equity, global fixed income, and alternatives.
According to the company, the newly debuted index is used for portfolio comparison, investment analysis, research and benchmarking purposes by fiduciaries including trustees, portfolio managers, consultants and advisors to endowments, foundations, trusts, defined benefit/defined contribution plans, pension plans and individual investors.
The Endowment Index is a total return index and all underlying components are comprised of exchange-traded funds or other investable securities.
Endowment Wealth Management chief investment officer Prateek Mehrotra said, "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."
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By GlobalData"Until now, they’ve had to use a proxy or a custom benchmark for those portfolios.
"The Endowment Index now provides an appropriate benchmarking solution for investors that embrace the Endowment Investment Philosophy," Mehrotra added.
