Independent Consultants Cooperative's median master trust lost 9.1% in the third quarter and was down 12.9% for the first nine months of 2002. The median master trust is down 6.5% for the year ended Sept. 30.
The median U.S. equity portfolio fell 17.2% for the third quarter, while the median international equity portfolio dropped 19.7%. The median small-cap growth portfolio was down 19.7%, the worst equity performer in the third quarter, while the median large-cap growth portfolio, down 15.4%, was the best. The median U.S. bond portfolio was up 3.5% for the period.
The ICC universe includes 13,000 portfolios owned by 1,300 U.S. plan sponsors.
