NEW YORK, Feb. 7, 2018
/PRNewswire/ -- The BNY Mellon U.S. Master Trust Universe
returned a median +3.55% for the fourth quarter of last year,
marking the ninth straight quarter of positive results for the
fund-level tracking service. The BNY Mellon U.S. Master Trust
Universe, which consists of 614 corporate, foundation, endowment,
public, Taft-Hartley, and health care plans, offers peer
comparisons of performance by plan type and size. Launched in
2016, Asset Strategy View is a separate big data service that
provides detailed asset allocation, performance, and cash flow data
for the majority of the BNY Mellon U.S. Master Trust Universe.
Asset Strategy View delivers aggregate levels of asset owner
allocations and capital flows to provide insight into market trends
and investor activity.
The BNY Mellon U.S. Master Trust Universe, which had a market
value of more than $2.1 trillion and
an average plan size of over $6
billion as of December 31,
2017, reported a one-year return of +15.16%. This return
surpassed its 3-year annualized return of +7.29% and 5-year
annualized return of +8.53%.
"Public Pensions benefited from a higher allocation to Non-U.S.
equity investments versus other plan types, 22% versus 17% for the
Master Trust Universe as a whole," said Frances Barney, CFA, head of Global Risk
Solutions at BNY Mellon.
"Non-U.S. equity was the top performing asset class with
double-digit gains over the one-year period (+27.95%), followed by
US Equity continuing its run of strong performance (+20.79%)
followed by Non-US Fixed Income (+11.92%)," she added.
Q4 Highlights
- Over 99% of plans posted positive results during the
quarter
- Public Plans saw the highest median return (+3.75%), followed
by Corporate Plans (+3.62%)
- U.S. equities posted a quarterly median return of +6.07%,
versus the Russell 3000 Index return of +6.34%. Non-U.S. equities
saw a median return of +4.84%, compared to the Russell Developed ex
U.S. Large Cap Index result of +4.42%. U.S. fixed income had a
median return of 0.60%, versus the Barclays Capital U.S. Aggregate
Bond Index return of +0.39%. Non-U.S. fixed income had a median
return of +0.73%, versus the Citigroup Non-U.S. World Government
Bond Index return of +1.57%. Real estate had a median return of
+2.29%, versus the NCREIF Property Index result of +1.80%
BNY Mellon U.S. Trust Universe Median Plan
Returns*
Period Ending
December 31, 2017
|
|
Universe
|
Number
of
Participants
|
4Q
2017
|
One-
Year
|
Five-
Years
|
Ten-
Years
|
Master Trust Total
Fund
|
614
|
3.55
|
15.16
|
8.53
|
5.86
|
Corporate Plans
|
258
|
3.62
|
15.61
|
8.52
|
6.10
|
Foundations
|
80
|
3.43
|
14.97
|
8.08
|
5.20
|
Endowments
|
86
|
3.38
|
14.66
|
8.49
|
5.51
|
Public Plans
|
111
|
3.75
|
15.92
|
9.07
|
5.99
|
Taft-Hartley Plans
|
46
|
3.33
|
13.97
|
8.92
|
5.65
|
Health Care Plans
|
19
|
3.61
|
14.61
|
8.06
|
5.76
|
|
|
|
|
|
*All returns are posted gross of fee results.
BNY Mellon U.S. Asset Allocations Averages (of those
invested) by Asset Class
Period Ending
December 31, 2017
|
Asset
Class
|
Q4
2017
|
One Year
Ago
|
Three Years
Ago
|
US Equity
|
23%
|
24%
|
25%
|
Non-US
Equity
|
17%
|
16%
|
15%
|
Global
Equity
|
9%
|
9%
|
10%
|
US Fixed
Income
|
24%
|
23%
|
24%
|
Global Fixed
Income
|
4%
|
4%
|
5%
|
Non-US Fixed
Income
|
3%
|
3%
|
3%
|
TIPS/Inflation Linked
Bonds
|
4%
|
4%
|
4%
|
Real
Estate
|
6%
|
6%
|
6%
|
Private
Equity
|
11%
|
12%
|
12%
|
Other Real
Assets
|
3%
|
4%
|
4%
|
Hedge
Funds
|
18%
|
18%
|
19%
|
Cash
|
3%
|
4%
|
4%
|
Russell 3000 Index and Russell Developed ex
US Large Cap Index: Russell Investment Group ("Russell")
is the source and owner of the Russell Index data contained or
reflected in this material and all trademarks and copyrights
related thereto. The Russell Index data may contain
confidential information and unauthorized use, disclosure, copying,
dissemination or redistribution is strictly prohibited. Barclays
Capital U.S. Aggregate Bond Index: © Barclays Bank PLC
2016. This data is provided by Barclays Bank PLC all rights
are reserved. Citigroup Non-US World Government Bond Index:
© Citigroup Global Markets Inc., 2016. All rights reserved.
Information containing any historical information, data or
analysis should not be taken as an indication or guarantee of any
future performance, analysis, forecast or prediction. Past
performance does not guarantee future results. The Information
should not be relied on and is not a substitute for the skill,
judgment and experience of the user, its management, employees,
advisors and/or clients when making investment and other business
decisions. None of the Information constitutes an offer to sell (or
a solicitation of an offer to buy), any security, financial product
or other investment vehicle or any trading strategy.
BNY Mellon's Asset Servicing business supports institutional
investors in today's fast-evolving markets, safeguarding assets and
enhancing the management and administration of client investments
through services that process, monitor and measure data from around
the world. We leverage our global footprint and local expertise to
deliver insight and solutions across every stage of the investment
lifecycle.
ABOUT BNY MELLON
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of Dec. 31, 2017, BNY Mellon had $33.3 trillion in assets under custody and/or
administration, and $1.9 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
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BK). Additional information is available on www.bnymellon.com.
Follow us on Twitter @BNYMellon or visit our newsroom at
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Contact:
Cheryl Krauss
BNY Mellon Investment Services
cheryl.krauss@bnymellon.com
+1 212-635-8176
Frank Pinto
BNY Mellon Investment Services
frank.pinto@bnymellon.com
+1 917-309-1065
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SOURCE BNY Mellon