mast image

Special Report

Impact investing

Sections

US funds lose 5% during second quarter

Related Categories

US- US pension funds, endowments and foundations have lost 5% in the second quarter of this year, reversing gains made during the first three months.

The latest research by the Independent Consultants Cooperative, a consortium of sixteen investment consultants, is based on portfolios worth a combined $665bn and owned by around 1,300 plan sponsors.

Figures published show the median fund lost 5.1% in the second quarter, opposed to a 0.9% gain during the first quarter, driving the year-to-date returns down by 4%.

For the year to June 30th, the median plan is down 4.9% although annualised three and five year returns remain positive at 0.7% and 5.7% respectively.

ICC says broad diversification has helped to cushion losses and keep them below the sharp decline in equity markets. The median US equity portfolio fell 12% in the second quarter in contrast to its fixed income counterpart which rose 3.1% over the same period.

Global bond portfolios appreciated strongly, returning a median 10.6%, reflecting depreciation of the dollar.

ICC’s figures show diverse returns according to asset category. For the first six months of the year, the median small cap value portfolio returned 8%, 27 points higher than the median large cap growth portfolio return of –19%.


Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<