Institutional tax-exempt indexed assets increased almost 7% in the second half of 1998, to more than $1.3 Trillion. But when adjusted for market growth, overall institutional indexed assets actually declined 3.5% for the seven-month period ended December 31, according to a Pensions & Investments survey. The largest drop was in the largest category, domestic indexed equity, which fell 4%. The almost-$1 Trillion in such category accounts for over 70% of all indexed assets.
Market-Adjusted Institutional Indexed Assets Decline in Latter Part of 1998
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