U.S. Equities Propel First Quarter Returns for U.S. Master Trust Universe, says BNY Mellon
Twelve-month return up more than 10%; third straight quarter of positive results
NEW YORK, May 14, 2013 — Driven largely by strong U.S. equity performance, the median return of the BNY Mellon U.S. Master Trust Universe was 4.53% for the first quarter of 2013, marking the third consecutive quarter of positive returns. For the twelve months ending March 31, 2013, the median plan was up 10.05%.
With a market value of more than $2.4 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 612 corporate, foundation, endowment, public, Taft-Hartley and health care plans.
"All plan types within the Universe reported gains for the first quarter, helped by a continued surge in U.S. equities," said John Gruber, head of product strategy for BNY Mellon's Global Risk Solutions group. "Public plans were the best performing segment, while an overweighting to U.S. fixed income by health care plans contributed to their relatively low performance."
The average asset allocation in the BNY Mellon U.S. Master Trust Universe for the first quarter was: U.S. equity 27%, U.S. fixed income 27%, non-U.S. equity 17%, non-U.S. fixed income 2%, real estate 3%, cash 1%, and alternatives/other 23%.
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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 36 countries and more than 100 markets. As of March 31, 2013, BNY Mellon had $26.3 trillion in assets under custody and/or administration and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at bnymellon.com or follow us on Twitter @BNYMellon.
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