Utimco Since 1996
Balancing Needs
Distributions (Spending)
Expenses
Inflation
Endowment Funds Under Management
Conclusion

Factors Affecting Purchasing Power
Investment Returns

Since market and economic conditions cannot be controlled nor predicted, investment return is also not controllable nor predictable, especially over the short-term. However, UTIMCO can draw on years of investment expertise and experience to determine the best allocation of assets to different classes of investments to succeed in an ever changing environment and to select the best managers to construct portfolios. To properly diversify the endowment assets, allocation of investment percentages to each equity and fixed income asset class is important to maximize investment return for an appropriate level of investment risk. UTIMCO repositions the allocations to each asset class in response to changes in the investment outlook. The asset allocation of the endowment funds is represented by the chart below:

Endowment Funds Policy Asset Allocation
Click to print charts in this section using PDF format