Study: Educational Endowments' Investment Returns Averaged 15.5 Percent in FY2014

Domestic equities generated the highest return in FY2014, at 22.8 percent, followed by international equities, at 19.2 percent. Alternative strategies returned 12.7 percent, fixed income returned 5.1 percent and short-term securities/cash/other returned 1.9 percent. Returns for all five asset classes were higher in FY2014 than they were in the previous fiscal year. (All returns are reported net of fees.)