2003 was a good year
for the stock market and, not surprisingly, for Notre Dame's investments
as well.
The Standard &
Poor's 500 stock index rose 28.7 percent for the calendar year
while Notre Dame's diversified pool of endowment and other invested
capital returned just under 25 percent. (The U.S. equities portion
of Notre Dame's investments rose 38.6 percent for the year while
its international equities were up 39.4 percent.)
Trustees measure
the performance of the University's investment professionals by
looking at a benchmark portfolio reflecting the sectors in which
the funds are invested. That benchmark portfolio returned 18.6
percent last year.
The value of the
endowment portion of the investment pool rose to nearly $3 billion
by year's end from approximately $2.6 billion a year earlier.
(April 2004)
