NACUBO-TIAA: Endowments face pandemic-era muted returns
While endowment spending is on the rise, the returns at major U.S. university portfolios are down significantly from historical norms, according to the 2020 NACUBO-TIAA Study of Endowments that was released this week.
Endowments’ average one-year returns were 1.8% for the year ending June 30, 2020, compared with 5.3% for the fiscal year 2019. Both years were lower than historical target returns of 7.5%, while on an five-year annualized returns total just 5.1%.
The long-term investment experience of endowments could soon motivate at least some institutions . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.
