Investment Topic: Markets and Investing

Research Report September 2019
Managing Portfolios Through Equity Market Downturns

Thoughtful decisions during chaotic environments are what separate the top-performing investors from everyone else. In this series, we review five important topics that should inform any plan to manage portfolios through equity market downturns.
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Research Report September 2019
Market History

Equity market downturns are chaotic environments that are rarely short-lived—the best advice is to be prepared.
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Research Note September 2019
Portfolio Liquidity

Investors that have inflexible spending needs and large allocations to illiquid assets should plan how they will tackle the next downturn’s liquidity challenges.

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Research Note September 2019
Diversification Challenges

As investors prepare for the next equity market downturn, they should take a closer look at the benefits and limits of diversification.

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Research Note September 2019
Behavioral Roadblocks

Bear markets often trigger emotional responses that can sometimes lead investors to act contrary to their long-term objectives; as such they need simple strategies to help overcome their worst instincts.
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Research Report September 2019
Playing Offense

Investors should review existing policies regarding portfolio rebalancing and tactical asset allocation and ensure they have a strategy to play offense during the next downturn.
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Research Report August 2019
Community Foundations: The Power of Aggregated Capital

Community foundation assets have grown steadily over the years, accumulating a mix of endowment funds and other funds with more expedient spend-down expectations. With the right expertise and attention, the endowment model can be applied to these complex, dynamic assets to differentiate the foundation and deliver on its mission. This paper discusses how community foundations can develop customized investment programs to better support their long-term goals.
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Pension Series August 2019
Revving UK Pension Schemes’ Funding Engines

A number of UK defined benefit pension schemes have experienced significant funding level gains in recent years, driven by sponsor contributions, liability management exercises, and strong equity market returns. However, due to increased volatility in global equity markets, relatively high valuations in many market segments, and the late stages of the economic and credit cycles, optimising the scheme’s growth engine is more challenging than ever. This paper provides a framework for how to achieve that goal.
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