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Investing April 23, 2007
Institutional Investment Plans Report Modest Growth in Q107
April 23, 2007 (PLANSPONSOR.com) - Most U.S.
institutional investment plan sponsors reported modest gains
for the quarter ending March 31, 2007, according to data in
the Northern Trust Universe.
Reported by Rebecca Moore
“U.S. institutional plans posted a median return of 2.2% for the first quarter,” said Joe Nardulli, Product Manager, Northern Trust Investment Risk & Analytical Services, in a press release. He added that the three largest institutional plan segments – Corporate ERISA, Public Fund, and Foundation & Endowment, posted the same median returns in the first quarter of 2007, and outperformed the 0.6% return of the S&P 500.
The top returning U.S. equity style for the quarter was Mid Cap, according to Nardulli, with the Northern Trust Mid Cap manager universe posting a median return of 4.3%. Small and Large Cap manager universes’ posted median returns of 3.2% and 1.2%, respectively. The Northern Trust International Equity manager universe gained 3.9% for the quarter.
For the two-year period ended March 31, 2007, ERISA and Public Fund plans posted median returns of 12.8% and 12.6%, respectively, while Foundations & Endowments returned 13.2%. Over five years, all plan types posted median returns between 9.3% and 9.6%, the release said.
The Northern Trust Universe represents the performance results of more than 300 large institutional investment plans, with a combined asset value of approximately $640 billion, which subscribe to Northern Trust performance measurement services.