Institutional investors saw very healthy median returns in the second quarter, data from Wilshire Associates show.
Plans in the Wilshire Trust Universe Comparison Service posted median returns of 11.07% and 3.36% for the second quarter and year ended June 30, respectively. Wilshire previously reported median returns of -11.87 and -3.67% for the first quarter and year ended March 31, respectively.
The second-quarter median return was the best for TUCS plans since 1987.
"While most asset classes delivered positive returns during the second quarter, sizable allocations to U.S. equities was the primary driver of returns." said Jason Schwarz, Wilshire Associates' chief operating officer, in a news release.