July Monthly Commentary
The S&P 500 Index was up for the fourth straight month, increasing 5.6% in July; the gains pushed the index into positive territory with a year-to-date returns of 2.4%. This confidence comes despite a record spike in infection rates in many parts of the country, and macroeconomic data underscoring the economic fallout from the pandemic. […]
UUCEF Statement on Continuing Social Injustice
During the virtual UUA General Assembly in June 2020, Investment Committee member Ken Redd delivered the following statement on behalf of the Investment and Socially Responsible Investing Committees to open our workshop on Mobilizing Investments to Advance UU Values. Slides from the workshop are available here and linked below along with other key resources. The […]
June Monthly Commentary
Risk assets added to recent gains as economies around the world relaxed restrictions and central banks and governments continued to provide extraordinary stimulus to offset the weak economic backdrop. Despite a pandemic and a recession, investors embraced risk in their search for yield amid significant central bank intervention and low rates. As a result, global […]
May Monthly Commentary
Risk assets pushed higher this month as economies around the world began reopening and relaxing restrictions. While COVID-19 remains a dominant headline, news of progress in developing a vaccine and signs of a rebound in economic activity bolstered market sentiment. Over the past month, the US has been hit by a slew of weak economic […]
April Monthly Commentary
Following a disappointing first quarter, risk assets moved higher in April as central banks and governments stepped in with monetary and fiscal stimuli to stem the fallout from the COVID-19 pandemic. While the virus continued to spread, new data indicated a slowing pace in infections and hospitalization rates in some regions. To that end, the […]
UUCEF Increases Commitment to Community Investments
Earlier this year, the UUA Board of Trustees voted to increase the allocation of the UU Common Endowment Fund to community investing from one percent to five percent of the portfolio. Based on the market value of UUCEF assets as of March 31, 2020, this expanded commitment will pump hundreds of thousands more dollars of […]
March Monthly Commentary
Volatility roiled markets in the first quarter as investors grappled with the potential economic fallout of the COVID-19 pandemic. Economies across the world screeched to an abrupt halt in the face of travel restrictions and containment efforts, sending the CBOE Volatility Index, a barometer of market sentiment, to over 80 during the quarter before settling […]
UUCEF Investor Letter
A message from the UUA’s Treasurer, Andrew McGeorge, and Investment Committees. Dear Investors: We hope that you are well. The growing concern about the spread of the new coronavirus (COVID-19) has rattled markets as investors struggle to assess the full extent of its economic impact. In times like these, we believe it is important to […]
Acting Amid Uncertainty
A message from NEPC, the UUCEF’s investment advisory firm. The rapid spread of the new coronavirus (COVID-19) has rattled markets as investors struggle to assess the full extent of its economic impact. While its toll over the long term on businesses and economies is yet to be determined, the uncertainty has fueled a repricing of […]
February Monthly Commentary
February marked a particularly volatile month for capital markets with fears intensifying over the new coronavirus (COVID-19) turning into a pandemic as the number of new cases appearing outside of China outpaced those within China. In response, the CBOE Volatility Index shot up to 40.11, a new high since 2015. Global equities were the hardest […]