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 […]
July Monthly Commentary
The Greek debt crisis and a steep sell-off of overheated local equities in China dominated headlines in July. However, it was slowing growth out of China—the world’s second largest economy—that seemed to have the most pervasive impact on markets. Commodity prices experienced a double-dip in July after recovering off first quarter lows with the Bloomberg […]
June Monthly Commentary
Global markets seesawed in June as investors turned their attention to Greece’s negotiations with its creditors and deliberated the likelihood of yet another bailout. In the early part of the month, developed market equities responded positively as Greece and its creditors appeared to be making progress. But these gains were subsequently reversed when Greek Prime […]
Socially Responsible Investing and the UUA
In past years, it has been one of the UUA’s Socially Responsible Investment Committees’ goals to bring increased responsibility and change to the financial industry. In the past, notions about fiduciary responsibility have often superseded the responsibility that some investors have felt about their investments. Even we at the UUA have often struggled with the […]
May Monthly Commentary
US equities bounced around in May with trading marked by low volume and changing sentiment as investors grappled with the potential impact of mixed economic data on the Federal Reserve’s timing of a rate increase. Smaller-cap issues fared better than their large-cap counterparts due, in part, to a sustained strong dollar prompting trade headwinds for […]
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 […]