Northern Trust Universe Data: Lower Interest Rates Paved the Way for a Strong Rally in Q4
Cooling inflation, softening labor markets and lower interest rates during the fourth quarter paved the way for a strong rally in financial markets to end 2023.
- Cooling inflation, softening labor markets and lower interest rates during the fourth quarter paved the way for a strong rally in financial markets to end 2023.
- The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was 7.3% for the quarter ending December 31, 2023.
- The Northern Trust Corporate (ERISA) universe median return for the quarter was 9.5% while the Northern Trust Public Funds universe median return was 6.4%, and the Northern Trust Foundation and Endowment (F&E) universe produced a 5.5% median return.
- Public Funds universe median returns for the one-, three- and five-year periods stood at 10.6%, 4.6% and 8.3%, respectively.