Mellon Analytical Solutions Report: U.S. Trust Plans Start 2006 With Positive Results
E-mail |
Print | |
Disable live quotes Last Update: 6:50 AM ET May 10, 2006
PITTSBURGH, May 10, 2006 /PRNewswire-FirstCall via COMTEX/ -- The median plan for the 502 corporate, foundation, endowment, public, Taft-Hartley, and healthcare funds that make up the U.S. Master Trust Universe (formally the Russell/Mellon Trust Universe) for Mellon Analytical Solutions posted a combined 4.66% return for the first quarter, marking the fourth consecutive quarter with positive results. 99% of the plans in the universe showed positive results for the quarter and 86% outperformed the universe's composite benchmark (Russell 3000 Index 50%, Lehman Brothers Aggregate 40%, MSCI World ex-U.S. 10%). The U.S. Master Trust Universe represents a market value of $1.4 trillion with an average plan size of $2.9 billion. "U.S. and Non-U.S. Equities were the star performers for plans this quarter, offsetting the flat to negative returns by Fixed Income, said Steve Cole, MAS universe product manager. "Over the past three years, Non-U.S. Equities have been the largest contributor to fund performance with a three- year annualized median return of 32.12%." Non-U.S. Equities led all asset classes for the quarter with a median return of 9.54%, which, however, lagged the MSCI AC W XUS Index return of 9.76%. U.S. Equities generated a return of 5.95%, slightly ahead of the Russell 3000(R) Index return of 5.31%. Non-U.S. Fixed Income posted a median result of 0.37%, outperforming the Citigroup World Government Non-U.S. return of -0.19%. U.S. Fixed Income was the only asset class in negative territory with a return of -0.35%, versus the Lehman Brothers Aggregate return of - 0.65%. Endowment plans were the top performing plan type for the first quarter with a 5.25% median return, followed by Public, Foundations, Corporate, Taft- Hartley and Healthcare. The average asset allocation in the U.S. Master Trust Universe for the first quarter was: U.S. Equity 42%, U.S. Fixed Income 23%, Non-U.S. Equity 20%, Non-U.S. Fixed Income 1%, Alternative Investments 5%, Real Estate 2%, Cash 1%, and Other (Private Equity, Oil, Gas, etc.) 6%. Mellon Analytical Solutions provides performance measurement, attribution and investment analysis services to more than 2,600 institutional investors in 25 countries and is responsible for $6 trillion in assets under measurement. Mellon Analytical Solutions' professional staff consists of more than 600 employees operating in 11 cities in five countries. Mellon Financial Corporation (
MEL : mellon finl corp com
News ,
chart,
profile,
moreLast: 38.10-0.58-1.50%
4:15am 05/12/2006
Delayed quote data
Add to portfolioAnalyst Create alertInsiderDiscussFinancials Sponsored by:
Get up to 50 free trades at TD AMERITRADE.
MEL38.10, -0.58, -1.5% ) is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, payment solutions and investor services, and treasury services. Mellon has approximately $4.9 trillion in assets under management, administration or custody, including $808 billion under management. News and other information about Mellon is available at
http://www.mellon.com. Mellon Analytical Solutions' Trust Universes Median Plan Returns Period ending March 31, 2006 Universe Number of 1Q2006 One- Five- 10- Participants Year Years Years Master Trust Total Fund 502 4.66 14.07 7.65 9.24 Corporate Plans 268 4.53 13.88 7.23 9.14 Foundations 76 4.76 14.06 8.34 10.39 Endowments 68 5.25 15.64 7.86 9.62 Public Plans 57 4.98 15.21 8.14 9.19 Taft-Hartley Plans 13 3.96 12.91 NA NA Healthcare Plans 18 3.61 10.49 6.64 NA Universe Benchmark: 3.31 10.49 6.09 8.19 Russell 3000(R) Index 50%, Lehman Brothers Aggregate 40%, MSCI World ex-U.S., 10%)SOURCE Mellon Financial Corporation Jessica Hancock of Mellon Analytical Solutions, +1-617-219-0448, or jhancock@russellmellon.com
http://www.prnewswire.com Copyright (C) 2006 PR Newswire. All rights reserved. ************************************************** As of Saturday, 05-06-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 04-18-2006 for MEL @ $37.15. (C) 2006 Comtex News Network, Inc. All rights reserved.
<!-- END:AdSolution-Tag 4.3 -->
<!-- END:AdSolution-Tag 4.3 -->
<!-- END:AdSolution-Tag 4.3 -->
