The Laguna Beach Community Foundation pro bono Investment Committee has over 100 years of combined professional wealth advisory experience. By opening a Donor Advised Fund or a Nonprofit Charitable Fund with the Laguna Beach Community Foundation, you have access to these services at a minimal fee that directly goes back to supporting the services offered at the Community Foundation.
The Laguna Beach Community Foundation compiled 1st quarter performance figures for assets comprising their equity and fixed income pools. Total equity performance for the 1st quarter totaled 1.3% after a very strong March. Fixed income performance totaled 3.5%. A blended portfolio of 60% equity and 40% fixed income, which is used for discretionary accounts, gained 2.2%. Performance is calculated assuming monthly rebalancing to target weights and does not reflect cash holdings.
Jim Fletcher, chair of LBCF's investment committee commented: "We hold a mix of domestic and international equity and fixed income index funds. This gives us extremely broad diversification at a very low cost. On the equity front, our developing markets investment was the top performer in the first quarter, partially rebounding from last year. On the fixed income side, our international bond fund led the way, boosted by a weaker dollar during the quarter. What is particularly interesting is that some of the weakest asset classes last year are leading the way this year. Patience and consistency are key."
For nonprofit executives and board members interested in learning more about the importance of investing, please view our white paper on Prudent Investing for Nonprofits by clicking below.
The Laguna Beach Community Foundation compiled 1st quarter performance figures for assets comprising their equity and fixed income pools. Total equity performance for the 1st quarter totaled 1.3% after a very strong March. Fixed income performance totaled 3.5%. A blended portfolio of 60% equity and 40% fixed income, which is used for discretionary accounts, gained 2.2%. Performance is calculated assuming monthly rebalancing to target weights and does not reflect cash holdings.
Jim Fletcher, chair of LBCF's investment committee commented: "We hold a mix of domestic and international equity and fixed income index funds. This gives us extremely broad diversification at a very low cost. On the equity front, our developing markets investment was the top performer in the first quarter, partially rebounding from last year. On the fixed income side, our international bond fund led the way, boosted by a weaker dollar during the quarter. What is particularly interesting is that some of the weakest asset classes last year are leading the way this year. Patience and consistency are key."
For nonprofit executives and board members interested in learning more about the importance of investing, please view our white paper on Prudent Investing for Nonprofits by clicking below.
