Northern Trust Universe Data: Strong 2024 Performance for U.S. Institutional Investors, Despite Q4 Market Volatility
Northern Trust reported mixed Q4 2023 performance for institutional investors, with the All Funds Over $100 Million plan universe showing a -0.8% median return in Q4 but achieving a 9.4% gain for full-year 2024. The universe tracks 385 large U.S. institutional investment plans with combined assets exceeding $1.4 trillion.
Q4 performance varied across segments: Corporate (ERISA) plans declined -3.9%, Public Funds fell -1.1%, while Foundation and Endowment universe gained 0.01%. Market volatility was influenced by U.S. election results and Federal Reserve signals about future rate cuts. Despite turbulence, U.S. equity indices reached all-time highs, driven by AI-related stocks.
For the full year 2024, portfolios with higher equity allocations outperformed those heavy in fixed income. The Foundation and Endowment universe, with under 10% fixed income allocation, achieved a 10.2% annual return, while the ERISA universe, with over 50% in fixed income, returned 3.0%.
Northern Trust ha riportato una performance mista nel quarto trimestre del 2023 per gli investitori istituzionali, con l'universo dei piani All Funds Over $100 Million che ha registrato un rendimento mediano del -0,8% nel quarto trimestre, ma ottenendo un guadagno del 9,4% per l'intero anno 2024. Questo universo monitora 385 piani di investimento istituzionali americani di grandi dimensioni, con attivi combinati superiori a $1,4 trilioni.
Le performance del quarto trimestre hanno variato tra i segmenti: i piani aziendali (ERISA) hanno mostrato una contrazione del -3,9%, i fondi pubblici sono scesi dell'1,1%, mentre l'universo delle Fondazioni e delle Eredità ha guadagnato lo 0,01%. La volatilità del mercato è stata influenzata dai risultati delle elezioni americane e dai segnali della Federal Reserve riguardo i futuri tagli dei tassi. Nonostante le turbolenze, gli indici azionari americani hanno raggiunto massimi storici, trainati da azioni legate all'IA.
Per l'intero anno 2024, i portafogli con maggiori allocazioni in azioni hanno sovraperformato quelli con una forte componente a reddito fisso. L'universo delle Fondazioni e delle Eredità, con meno del 10% di allocazione in reddito fisso, ha ottenuto un rendimento annuale del 10,2%, mentre l'universo ERISA, con oltre il 50% in reddito fisso, ha restituito il 3,0%.
Northern Trust informó sobre un desempeño mixto en el cuarto trimestre de 2023 para los inversores institucionales, con el universo de planes All Funds Over $100 Million mostrando un rendimiento medio de -0,8% en el cuarto trimestre, pero logrando una ganancia del 9,4% para el año completo 2024. Este universo sigue 385 grandes planes de inversión institucional de EE. UU. con activos combinados que superan los $1,4 billones.
El desempeño del cuarto trimestre varió entre segmentos: los planes corporativos (ERISA) cayeron un -3,9%, los fondos públicos bajaron un -1,1%, mientras que el universo de Fundaciones y Dotaciones ganó un 0,01%. La volatilidad del mercado estuvo influenciada por los resultados de las elecciones en EE. UU. y las señales de la Reserva Federal sobre futuros recortes de tasas. A pesar de la turbulencia, los índices bursátiles de EE. UU. alcanzaron máximos históricos, impulsados por acciones relacionadas con IA.
Durante el año completo 2024, los portafolios con mayores asignaciones en acciones superaron a aquellos con una fuerte carga en renta fija. El universo de Fundaciones y Dotaciones, con menos del 10% de asignación en renta fija, logró un rendimiento anual del 10,2%, mientras que el universo ERISA, con más del 50% en renta fija, retornó un 3,0%.
노던 트러스트(Northern Trust)는 2023년 4분기 기관 투자자에 대한 혼합된 실적을 보고했으며, All Funds Over $100 Million 계획 우주에서 4분기에 -0.8%의 중간 수익률을 나타냈지만 2024년 전체 연간 수익률은 9.4%에 달했습니다. 이 우주는 총 자산이 1.4조 달러를 초과하는 385개의 대형 미국 기관 투자 계획을 추적합니다.
4분기 성과는 세그먼트별로 차이를 보였습니다: 기업(ERISA) 계획은 -3.9% 감소했으며, 공공 기금은 -1.1% 하락했고, 재단 및 기부 재단 우주는 0.01% 상승했습니다. 시장 변동성은 미국 선거 결과와 연준의 향후 금리 인하 신호에 영향을 받았습니다. 불안정한 상황에도 불구하고 미국 주식 지수는 AI 관련 주식의 주도로 사상 최고치를 기록했습니다.
2024년 전체 연도 동안 주식 할당 비율이 높은 포트폴리오가 고정 수입 위주의 포트폴리오보다 더 나은 성과를 기록했습니다. 고정 수입 비율이 10% 미만인 재단 및 기부 재단 우주는 10.2%의 연간 수익률을 달성했으며, 50% 이상의 고정 수입 비율을 가진 ERISA 우주는 3.0%의 수익률을 반환했습니다.
Northern Trust a rapporté des performances mitigées au quatrième trimestre 2023 pour les investisseurs institutionnels, avec l'univers des plans All Funds Over $100 Million affichant un rendement médian de -0,8% au quatrième trimestre, mais atteignant un gain de 9,4% pour l'année complète 2024. Cet univers suit 385 grands plans d'investissement institutionnels américains ayant des actifs combinés dépassant 1,4 trillion de dollars.
La performance du quatrième trimestre a varié selon les segments : les plans d'entreprise (ERISA) ont baissé de -3,9%, les fonds publics ont reculé de -1,1%, tandis que l'univers des Fondations et des Dotations a gagné 0,01%. La volatilité du marché a été influencée par le résultat des élections américaines et les signaux de la Réserve fédérale concernant de futurs abaissements de taux. Malgré cette turbulence, les indices boursiers américains ont atteint des sommets historiques, soutenus par des actions liées à l'IA.
Pour l'année complète 2024, les portefeuilles ayant une plus forte allocation en actions ont surpassé ceux lourdement investis en obligations. L'univers des Fondations et des Dotations, avec moins de 10% d'allocation en obligations, a réalisé un rendement annuel de 10,2%, tandis que l'univers ERISA, avec plus de 50% en obligations, a retourné 3,0%.
Northern Trust veröffentlichte gemischte Ergebnisse für das vierte Quartal 2023 für institutionelle Investoren, wobei das Universum der All Funds Over $100 Million-Pläne im vierten Quartal eine mediane Rendite von -0,8% verzeichnete, aber eine Gesamtrendite von 9,4% für das Jahr 2024 erzielte. Dieses Universum überwacht 385 große institutionelle Anlagepläne in den USA mit einem Gesamtvermögen von über 1,4 Billionen US-Dollar.
Die Performance im vierten Quartal variierte nach Segmenten: Unternehmenspläne (ERISA) sanken um -3,9%, öffentliche Fonds fielen um -1,1%, während das Universum der Stiftungen und Stiftungen um 0,01% zulegte. Die Marktschwankungen wurden durch die Ergebnisse der US-Wahlen und die Signale der Federal Reserve zu zukünftigen Zinssenkungen beeinflusst. Trotz der Turbulenzen erreichten die US-Aktienindizes historische Höchststände, angetrieben von Aktien im Zusammenhang mit Künstlicher Intelligenz.
Im Gesamtjahr 2024 schnitt die Portfolios mit höheren Aktienanteilen besser ab als die, die stark in festverzinsliche Anlagen investiert waren. Das Universum der Stiftungen und Endowments, mit weniger als 10% festverzinslichen Anlagen, erzielte eine jährliche Rendite von 10,2%, während das ERISA-Universum, mit über 50% in festverzinslichen Anlagen, eine Rendite von 3,0% erreichte.
- All Funds Over $100 Million plan universe achieved 9.4% gain for full-year 2024
- Foundation and Endowment universe posted 10.2% annual return
- Major U.S. equity indices reached all-time highs in Q4
- All Funds Over $100 Million plan universe declined -0.8% in Q4 2024
- Corporate (ERISA) plans dropped -3.9% in Q4
- ERISA universe showed weak 3.0% annual return due to high fixed income allocation
- US Fixed Income program universe declined -2.3% in Q4
Insights
The latest Northern Trust Universe data presents a compelling narrative about institutional investment performance in 2024, with several key insights worth unpacking. The $1.4 trillion tracking universe provides a comprehensive view of institutional investment trends, representing a significant portion of the U.S. institutional market.
The performance divergence between different fund categories tells an important story about asset allocation strategy effectiveness. Foundation & Endowment funds achieved a superior
The Q4 market dynamics were particularly noteworthy. Despite the S&P 500's
The significant rise in 10-year Treasury yields from
The three and five-year return patterns across different fund categories demonstrate the long-term impact of asset allocation decisions. F&E funds'
The Northern Trust Universe tracks the performance of 385 large
The Northern Trust Corporate (ERISA) universe median plan return was down -
“The fourth quarter was marked by peaks and valleys, as markets reacted to
The S&P 500 Large Cap Index was up
In line with market expectations, the Federal Reserve reduced interest rates by 50 basis points in the fourth quarter, bringing the Fed Funds rate to a range of
In the full calendar year 2024,
Results as of December 31, 2024:
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Public Funds |
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Foundations & Endowments |
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About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in
Northern Trust Corporation, Head Office: 50 South La Salle Street,
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Media Contacts
Camilla Greene
+44 (0) 20 7982 2176
Camilla_Greene@ntrs.com
Simon Ansell
+ 44 (0) 20 7982 1016
Simon_Ansell@ntrs.com
US &
John O’Connell
+1 312 444 2388
John_O’Connell@ntrs.com
Source: Northern Trust Corporation
FAQ
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