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Laxman Pai, Opalesque Asia: Returns for institutional investors to reach a 10-year high in 2019 on account of the robust gains in domestic and international equity markets.
The median plan in the Northern Trust Universe finished with an 18.2% return for the year and a 4.9% return for the three months ending December 31, 2019, said Northern Trust Universe.
The Northern Trust Universe tracks the performance of approximately 300 large U.S. institutional investment plans, with a combined asset value of approximately $1.13 trillion.
"Strong fourth-quarter performance in the U.S. and international equity markets drove stellar performance for both the quarter and the year," said Mark Bovier, regional head of Investment Risk and Analytical Services at Northern Trust.
Mark added: "U.S. equity programs, the largest allocation in most plans in the Northern Trust Universe, had a median return of 8.9% in the quarter, while the median return for international equity programs was 9.2%. Meanwhile, the U.S. fixed income program universe median return was up 0.6% for the quarter. The 10-year Treasury Note yield rose from 1.7% to 1.9% during the quarter. However, short-term maturities, which are closely tied to monetary policy expectations, continued to fall putting upward pressure of bond prices."
Of the three institutional segments tracked by Northern Trust, Corporate ERISA pension plans reported the lowest median return for the quarter at 3.4%, yet still garnered the highe...................... To view our full article Click here
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