The median return of the BNY Mellon U.S. Master Trust Universe for the third quarter of 2013 was 4.47%, a return to positive territory after essentially flat results in the second quarter. For the twelve months ending September 30, 2013, the median plan returned +11.63%.
With a market value of more than $2.3 trillion and an average plan size of $3.8 billion, the BNY Mellon U.S. Master Trust Universe is a fund-level tracking service that can be used to make peer comparisons of both performance and asset allocation results. The Universe consists of 613 corporate, foundation, endowment, public, Taft-Hartley and health care plans.
"Public plans benefited during the quarter from a relative overweighting of non-U.S. equities compared to other plan types," said John Gruber, head of product strategy for BNY Mellon's Global Risk Solutions group. "The difference between their performance (+4.89%) and the lowest performing plan type was a significant 67 basis points. Still, all but six plans within the Universe saw positive returns for Q3."
Highlights
99% of plans in the BNY Mellon Master Trust Universe returned positive results during the quarter.
48% of
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