Update: Institutional plans post second-quarter returns, but many gains erased in August

The median corporate, public, and foundation/endowment plan enjoyed positive second-quarter results in 2007, finds a survey by Mercer Investment Consulting (IC). Corporate plans saw a median second-quarter gain of 4.2%, while public plans and foundation/endowment funds rose 4.5% and 5.1%, according to Mercer IC's Summary Performance of US Institutional Portfolios survey. However, many gains disappeared in August as the market reacted negatively to subprime mortgage concerns. On a positive note, most Mercer clients face minimal subprime risk in their core or core plus fixed income portfolios.  (Update, 24 Aug 2007, 7 pages)

• Full Update (PDF)
• Full press release on survey (Mercer IC, 8/22/07)

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