Administration January 15, 2010

Foundations and Endowments Rebounded in 2009

January 15, 2010 (PLANSPONSOR.com) - Bouncing back from a dismal 2008 showing, the year-to-date median performance of foundations and endowments hit 19.02% as of November 30, 2009, according to the Wilshire Trust Universe Comparison Service (Wilshire TUCS).
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A press release said corporate plans tallied a median year-to-date performance of 18.47% followed by public funds with assets greater than $1 billion, up a median of 17.96%. Taft Hartley Health and Welfare plans managed a much lower median return of 10.93%. 

All master trusts with assets greater than $1 billion showed an 11-month median return of 17.74%. The median performance of all public funds came in at 17.22%. All master trusts gained a median of 16.42%, with Taft Hartley Defined Benefit plans seeing a median return of 12.32%.

According to the announcement, reflecting the gains made by institutional investors, the Wilshire 5000 Total Market Index closed out the month of November up 5.61% for the month and 24.94% year to date. Adding approximately $600 billion in market value in November, the Wilshire 5000 gained approximately $2.5 trillion during the first 11 months of the year. The Wilshire Global ex-US Index returned 2.57% in November with a year-to-date return of 40.85%.

Wilshire TUCS includes approximately 1,100 plans representing $2.55 trillion in assets.

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