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Laxman Pai, Opalesque Asia: U.S. institutional assets tracked by Wilshire Trust Universe Comparison Service (Wilshire TUCS) posted an all-plan median gross return of 4.02% for the first quarter and 11.89% for the 12-month sending on March 31, 2024.
According to data from Wilshire Advisors, institutional investors recorded positive gains for the quarter ended March 31, with smaller plans that had larger allocations to public markets outperforming larger plans.
Plans in the Wilshire Trust Universe Comparison Service posted median returns of 4% and 11.9% for the quarter and year, respectively, ended March 31.
Josh Emanuel, CIO of Wilshire said: "Equities delivered strong returns in the first quarter on the heels of economic and earnings optimism. The consensus outlook for U.S. earnings implies meaningful growth, which is in stark contrast to 2023."
"All plan types underperformed a traditional 60/40 portfolio, while smaller plans with higher allocations to public markets generally outperformed larger plans, by roughly 100 basis points on average," Josh added.
Across all plan types, quarterly median gains ranged from 1.82% to 4.98% for large corporate funds (assets above $1 billion) and small foundation and endowment funds (assets below $500 million), respectively. One-year median returns ranged from 6.34% to 14.22% for large corporate funds and small public funds (assets below $1 billion), respectively.
For the past 12 months, all large and small p...................... To view our full article Click here
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