The Laguna Beach Community Foundation compiled year-to-date performance figures for assets comprising their equity and fixed income pools. Composite equity performance through September 30 totaled 9.0%. Fixed income performance totaled 6.4%. A blended portfolio of 60% equity and 40% fixed income, which is used for discretionary accounts, gained 8.1%. Performance is calculated gross of fees and assumes monthly rebalancing to target weights and does not reflect cash holdings.
Jim Fletcher, chair of LBCF's investment committee commented: "It has been a very strong year so far which has been fantastic for our donors and non-profit partners. We hold a straightforward mix of domestic and international equity and fixed income index funds which gives us extremely broad diversification at a very low cost. In the equity pool, our developing markets investment was the top performer over nine months, up over 17%. On the fixed income side, our high yield bond investment led the way, up 12%, helped to a large extent by a stabilization of oil prices and a relatively healthy economy."
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 goes directly back to supporting the services offered at the Community Foundation.
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 here.
Jim Fletcher, chair of LBCF's investment committee commented: "It has been a very strong year so far which has been fantastic for our donors and non-profit partners. We hold a straightforward mix of domestic and international equity and fixed income index funds which gives us extremely broad diversification at a very low cost. In the equity pool, our developing markets investment was the top performer over nine months, up over 17%. On the fixed income side, our high yield bond investment led the way, up 12%, helped to a large extent by a stabilization of oil prices and a relatively healthy economy."
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 goes directly back to supporting the services offered at the Community Foundation.
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 here.
