November Monthly Commentary
Global equities were subdued in November amid tempered investor sentiment on the heels of October’s bounce back from third quarter losses. The S&P 500 rose 0.3% as positive economic data not only provided a supportive backdrop, but also increased the likelihood the Federal Reserve will raise rates at its December meeting. As of the end of November, […]
UUCEF, LLC Subscription Agreements Due Now
UUCEF investing congregations, IMPORTANT NOTICE: Congregations wishing to invest their assets in the UU Common Endowment as of January 1, 2016 must complete a new subscription agreement immediately. These documents were mailed to all investing congregations in October. If you did not receive them, please notify us immediately by email or by calling Susan Helbert […]
Climate Change Toolkit
Many times the members of the UUA SRI Committee have questions from congregations, endowments and sometimes even institutional investors about what they can do with investment funds to impact climate change. CERES and their clean trillion campaign is one place that we direct fiduciaries with larger investment pools for ideas. Recently, a toolkit called Action On […]
UUA Signs Letter to the FDA
The UUA has long been concerned about the consequences of the systems of agriculture in use today, as reflected by our Ethical Eating Statement of Conscience. Additionally, UUA member congregations have a history of activism with corporations that engage in biotechnology, and we see this as an extension of those grass-roots efforts. The UUA, in […]
October Monthly Commentary
Global equities roared back in October, mostly erasing September’s losses amid declining volatility and continued monetary accommodation from the major central banks. The S&P 500 gained 8.4% on the month as global easing provided a supportive backdrop for equities, even as expectations of a rate hike in 2015 stand roughly at 50/50 following the Fed’s […]
**Attention UUCEF Account Holders**
Action Required To Remain Invested In The UUCEF! On October 9th the UUCEF, LLC mailed out a new Investment Information Memorandum, Subscription Agreement and, Operating Agreement. If you have not already received your package you should be receiving it very shortly. We must receive one completed Subscription Agreement for every account you currently hold in the UUCEF. […]
August Monthly Commentary
August was a difficult month as China’s surprise devaluation of the yuan fueled concerns around global growth and unleashed a wave of volatility, sparing few asset classes. For instance, the MSCI EM Index fell 9% as emerging market equities—especially China’s major trade partners—took a hit. Meanwhile, within developed markets, the S&P 500 dropped 6% and […]
BCAM Client Communication on Market Volatility
Dear Client, As you are aware, the global equity markets continued to sell off today. As the U.S. markets close this afternoon, we would like to take this opportunity to point out the following: We believe the recent, sharp decline in global markets is primarily a function of concerns about China’s slowing economy. Deteriorating indicators […]
Market Update from NEPC
In light of the recent market volatility, we wanted to share some market performance as well as an estimate of the UUA returns for both August and the YTD period. Index returns for the month of August are roughly as follows: S&P 500: -10% (US Large Cap Equity) MSCI EAFE: -10% (International Developed Equity) MSCI […]
September Monthly Commentary
Global equities were mostly negative in September as continuing growth concerns in China permeated markets and worried investors and central bankers alike. In the US, the Federal Open Market Committee (FOMC) elected not to raise its target interest rate. As September closed, weak job growth data pushed market expectations of an initial rate increase into […]