The FoundationMark Grantmaker Investment Value Index (“GIV Index”) increased 1.8% in October, bringing year-to-date gains to 14.9%. The GIV Index continues to lag a passive balanced portfolio consisting of 60% stocks (S&P 500) and 40% bonds (Bloomberg Barclays U.S. Aggregate Index).
October investment performance was a continuation of the year as a whole with strong performance by U.S. stocks and U.S. bond markets. International stocks, particularly emerging markets performed well, though still trail the U.S. market for 2019.