Bloomberg Barclays U.S. Aggregate Bond Index
A benchmark that provides a measure of the performance of the US dollar denominated investment grade bond market, which includes investment grade bond market, investment grade government bonds, investment grade corporate bonds, mortgage pass through securities, commercial mortgage backed securities.
CBOE VIX Index
A measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices.
Citi Macro Risk Index
The Citi Macro Risk Index measures risk aversion in global financial markets. It is an equally weighted index of emerging market sovereign spreads, US credit spreads, US swap spreads and implied FX, equity and swap rate volatility.
Dow Jones Industrial Average Index
A price-weighted benchmark of 20 “blue-chip” US stocks that, at 100-plus years, is the oldest continuing U.S. market index. Price weighting means stocks in “the Dow” with higher share prices are given a greater weight in the index. Launched in 1896, the Dow was named for its inventor Charles Dow and his partner Edward Jones.
FTSE NAREIT All Equity REITS Total Return Index
A free-floated adjusted, market capitalization-weighted index of U.S. equity REITs. Constituents of the index include all tax-qualified REITs with more than 50 percent of total assets in qualifying real estate assets other than mortgages secured by real property.
HFRI FOF Diversified Index
FOFs classified as “Diversified” exhibit one or more of the following characteristics: invests in a variety of strategies among multiple managers; historical annual return and/or a standard deviation generally similar to the HFRI Fund of Fund Composite Index; demonstrates generally close performance and returns distribution correlation to the HFRI Fund of Fund Composite Index. A fund in the HFRI FOF Diversified Index tends to show minimal loss in down markets while achieving superior returns in up markets.
LPX50 Listed Private Equity Total Return Index
Designed and calculated by LPX Group, index contains the largest private equity companies listed on global stock exchanges. The index composition is well diversified across listed private equity categories, styles, regions and vintage years.
A well-recognized measure of U.S interest rate volatility that tracks the movement in U.S. Treasury yield volatility implied by current prices of one-month over-the-counter options on 2-year, 5-year, 10-year and 30-year Treasuries.
MSCI ACWI IMI Index
A free-float weighted global equity index that includes companies in 23 emerging market countries and 23 developed market countries and is designed to be a proxy for most of the investable equities universe around the world.
NASDAQ Composite Index
The market capitalization-weighted index of over 3,300 common equities listed on the Nasdaq stock exchange. The index includes all Nasdaq-listed stocks that are not derivatives, preferred shares, funds, exchange-traded funds (ETFs) or debenture securities.
A statistical measure of volatility that quantifies the historical dispersion of a security, fund or index around an average. Investors use standard deviation to measure expected risk or volatility, and a higher standard deviation means the security has tended to show higher volatility or price swings in the past. As an example, for a normally distributed return series, about two-thirds of the time returns will be within 1 standard deviation of the average return.
S&P GSCI Total Return Index
A composite index of commodities that measures the performance of the commodity market. The index is designed to be investable, and there are ETF products designed to track its performance The S&P GSCI automatically rolls futures contracts, which may not be an optimal investment strategy.