The FoundationMark Grantmaker Investment Value Index (“GIV Index”) rose 5.4% in the second quarter of 2021, bringing the year-to-date gain to 9.3% through June 30, 2021
Commentary
Global equity continued to post gains across the board, while U.S high grade bonds stagnated.
One-Year GIV Index Performance Up 26.4%:Year on year returns for U.S equities were 40.8% for the period ended June 30, 2021, while bonds were essentially flat.