A news release from Wilshire Analytics, the investment technology unit of Wilshire Associates, reported the 2004 data for the Trust Universe Comparison Service (TUCS) – a cooperative effort between Wilshire Analytics and custodians. TUCS includes 350 plan participants representing approximately $2 trillion in assets and measures the performance of corporate and public plans as well as endowments and foundations.
According to the TUCS data, master trusts with assets greater than $1 billion performed slightly better with median gains of 8.05% during the fourth quarter and 12.02% for the year. Public funds’ median performance was up 8.05% for the quarter and 11.63% for the year while corporate funds showed median gains of 7.98% for the quarter and 11.79% for the year.
For those with assets greater than $1 billion, public funds median performance increased 8.05 % for the quarter and 11.78% for the year while corporate funds showed median gains of 8.05% for the quarter and 12.23% for the year.
In terms of US equities, the fourth quarter of 2004 turned a year of mixed results into a second year of double-digit returns. During the fourth quarter, the Dow Jones Wilshire 5000 gained 8.3%, for an increase of approximately $1.1 trillion in market value. While TUCS showed a median performance gain for all master trusts in 2004 of 11.58%, those with an equity allocation of greater than 60% gained 11.82% and those with an equity allocation less than 40% gained 5.85%.