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 »
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 »
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 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 »
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 »
As we launch a brand new decade, it’s a good time to take a look back at where we are coming from and think about where we’re headed. In this podcast, Co-CEO and Co-CIO Bryan Shipley, CFA, CAIA, sits down with research analyst Ben Larsen to recap the markets in 2019 and discuss our outlook for the coming years. They take a deep dive into some of the market highlights of the year, and talk about what that means for investors and for our positioning going forward. In this Research Focus podcast, for those who want to take a deeper look into Arnerich Massena’s analytical process and thinking, you’ll hear about index concentration, investment style blurring, the flight to quality, frontier and emerging markets, impact investing trends, and more. Read more »
Over the past few years, the retirement plan industry has closely watched the progress and evolution of legislation designed to incentivize retirement plan creation and increase plan accessibility with the ultimate goal of helping American workers boost their chances of a secure retirement through tax-advantaged accounts.
The “Setting Every Community Up for Retirement Enhancement” Act (SECURE Act) legislation is the biggest overhaul of the industry since the Pension Protection Act of 2006, and changes will likely affect all retirees. After years of attempts to pass reforms, in late December, President Trump signed the SECURE Act into law. The goal of the new law is to make it easier for employers to help full- and part-time employees save through workplace retirement plans, ultimately helping prevent Americans from outliving their assets. Read more »
Arnerich Massena’s fourth quarter 2019 MarketCast is available for viewing. In this MarketCast, Co-CEO and co-CIO Bryan P. Shipley, CFA, CAIA, delivers a brief introduction; senior research analyst Arthur Coyne, CFA, provides a look at the fourth quarter of 2019, with an economic overview and market commentary, and investment and philanthropic advisor Katherine Fox, CFP®, CAP®, discusses what this means for client portfolios. Read more »