Northern Trust Universe Data: Returns Stumbled in Q3 Under Stress from Inflation and Continued Interest Rate Hikes
As markets continued to sell off, the median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was -4.2% for the quarter ending September 30, 2022.
- As markets continued to sell off, the median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was -4.2% for the quarter ending September 30, 2022.
- Investor response to Federal Reserve interest rate increases of 75 basis points in June and again in September contributed to the Northern Trust U.S. equity program universe median return declining 4.4% for the third quarter.
- The Northern Trust Corporate (ERISA) universe median return was -6.4% for the third quarter.
- The Northern Trust Foundation and Endowment (F&E) universe produced a -3.5% median return for the second quarter.