The median master trust in the Independent Consultants Cooperative universe gained 4.4% in the fourth quarter but was down 8.7% for 2002.
The median domestic equity portfolio gained 6.7% in the fourth quarter, while the median domestic bond portfolio returned 1.8%. The median U.S. equity portfolio lost 21.6% for the year ended Dec. 31, and the median international equity portfolio lost 15%. The median domestic bond portfolio returned 9.1% for 2002, while the median global bond portfolio returned 18.8%.
The ICC Universe, administered by Deutsche Bank Trust Co. Americas, includes more than 14,000 institutional portfolios from 1,190 plan sponsors with combined assets of $586 billion.