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Market Update and In Investment Brie iefing
THIS PRESENTATION WILL BEGIN SHORTLY
Market Update and In Investment Brie iefing
PRESENTATION BY:
Market Update and In Investment Brie iefing THIS PRESENTATION - - PowerPoint PPT Presentation
Market Update and In Investment Brie iefing THIS PRESENTATION - - PowerPoint PPT Presentation
Market Update and In Investment Brie iefing THIS PRESENTATION WILL BEGIN SHORTLY Market Update and In Investment Brie iefing PRESENTATION BY : T HE C ATHOLIC C OMMUNITY F OUNDATION & J ORDAN P ARK What We Do GROW = Wise In Investments
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What We Do
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GROW = Wise In Investments
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Types of f Funds
- Institutional Endowments
- Parishes, schools, agencies
- Family Philanthropy Funds
- Donor Advised Funds
- Family Endowments
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Endowment Overview
- Permanent support (FOREVER VALUE)
- Reliable annual grant
- How endowments grow
- Broad diversification
- Appropriate return over time
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In Investment Objectives
- Maximize Returns, Minimize Risk
- Diversification through Asset Allocation
- Focus on Long Term, Endowments are in perpetuity
- Pool assets to capitalize on scale and access to top
managers
- Responsible Investing
- Catholic Investing
- Impact Investing
- Effective Partnerships
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~10 Years to Recover 4 Years?
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Present Inflation Strong Recovery Tepid Recovery Double-Dip Deflation
- GDP Growth >3% for multiple quarters
- Inflation >5% for multiple quarters
- Interest rates and commodities jump
- Bonds suffer and USD depreciates
- GDP Growth 2-3%
- Tolerable inflation 2-4%
- Interest rates manageably higher
- Equities enjoy the economic updraft
- Range-bound GDP in 1-2% range
- Inflation likewise subdued, 0 to 1%
- Fed rate @ 0, longer maturity rates stay low
- Sideways and volatile equity markets
- GDP 0-1%, possibly negative quarters
- Inflation flirts with deflation near 0%
- Additional stimulus pushes rates negative
- Equities re-test recent lows
- GDP flat to negative
- Inflation <0% for quarters despite stimulus
- Stubborn unemployment despite stimulus
- Substantial equity tail event, big bond rally
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σ
Currently ~ 1 standard deviation “expensive”
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Convert to two charts
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→
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→ → →
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In range of developed economies Estimate of new U.S. level
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Present Inflation Strong Recovery Tepid Recovery Double-Dip Deflation
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Endowment Experience wit ith COVID-19 19
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Endowment Experience with COVID
- For other institutions
- Scholarship endowments
- For us
- Endowment grants for parishes and schools
- Combined with family philanthropy for largest granting to
date
- Funds for the long term
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Q&A
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Thank you for Join ining Us!
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