Monthly Archives: February 2020

Top Five Items to Check Off Your Fiduciary Checklist

As the New Year unfolds, it’s important to emphasize the critical role each investment committee member takes on as a fiduciary. Fulfilling these responsibilities is paramount in ensuring a smooth governance process.  Most endowments and foundations are subject to UPMIFA, the Uniform Prudent Management of Institutional Funds Act.  At its core, UPMIFA requires the Board, Committee, and any others responsible for the management of institutional funds to act in good faith and with the care of a prudent or ordinary person. Read more »

Arnerich Massena Hosts a Successful Blood Drive!

Seventeen people donated blood at Arnerich Massena’s February 12 blood drive. We couldn’t think of a better Valentine’s week gift to give, as each donation can save up to three lives. Thanks to all Arnerich Massena employees – and a few friends – who donated at the firm’s third annual blood drive! We hope to see you all there next year. Read more »

Capital Market Outlook: What’s in Store for the 2020s?

To view a larger version, click here: Capital markets outlook

While Arnerich Massena believes these forward-looking     expectations are reasonable, we can provide no assurance  of their accuracy. Expected returns for each asset class  are conditional on an economic scenario; actual returns in the event the scenario comes to pass could be higher or   lower, as they have in the past, so an investor should not expect to achieve returns similar to these expectations.  Actual investment portfolio results may vary due to market risk, investment selection, timing, expenses, taxes, and  other factors. This information is not intended as a      recommendation to invest in any particular asset class or strategy or as a promise of future performance.

In the 2010s, U.S. equities hurtled to new highs in the wake of the global financial crisis. However, as we move into the 2020s, the question on many investors’ minds is, “can these good times continue?” Our short answer is yes, but the location of the good times may change. Read more »

Arnerich Massena Sponsors Tuality Healthcare Winter Wonderland Gala, Helping Raise More than $291,000 to Expand their Birth Center with OHSU Doernbecher Children’s Hospital!

Arnerich Massena was a proud sponsor of Tuality Healthcare Foundation’s Winter Wonderland annual fundraising gala on January 25, 2020. At the gala, Tuality announced the launch of a campaign to raise funds to bring OHSU Doernbecher Children’s Hospital to Tuality, which would make advanced obstetrics and neonatology available at OHSU Tuality Healthcare. We are pleased to report that the gala raised more than $291,000 toward that goal! Read more »

The Unintended Consequences of the Rise of Index Investing

For the first time in history, the total assets in passive investment vehicles such as index mutual funds and exchange-traded funds (ETFs) surpassed the total amount of assets in actively managed investment funds. In September 2019, assets in passive investment vehicles grew to $4.4 trillion, outpacing the $4.3 trillion in actively managed strategies. This trend is amazing considering that in 2009, only ten years ago, assets in passive strategies totaled only $0.7 trillion (Morningstar). With the momentum in passive investing accelerating, what are the long-term unintended consequences for the market? Read more »