The UK’s vote to leave the European Union (EU) has sent shock waves through the capital markets throughout the day today. The 52%/48% vote to leave the EU was a significant surprise, as most polls had the “remain” camp winning.
Since the Brexit vote, several continental European officials have moved to a hardline stance as witnessed by recent comments from Angela Merkel who stressed that the U.K. can't expect favorable treatment once it leaves and that there will be no informal talks on a new relationship before the government in London files its application for divorce.
The sharp bounce back in nonfarm payrolls in June confirms that the Fed, as well as many market participants, overreacted to the weak labor data released a month ago.
For the last several weeks, market participants have focused on the fears of a breakup of the European Union, especially after the “Brexit” vote. At the time we stressed that cooler heads should prevailand that these risks could provide investment opportunities for long-term investors.
For the second consecutive month, the employment report confirmed that the weak jobs reading in May was a temporary distortion. The stock market responded accordingly, as domestic stocks rallied to new highs.
Commonfund Institute, NACUBO and AGB survey builds upon the 2014 NACUBO-Commonfund Study of Endowments® by delving in to responsible investing practices, policies and portfolio strategies. Topics covered include: defining responsible investing practices; current investment practices; policies and procedures; views on responsible investing; and potential portfolio changes.
The NACUBO-Commonfund Study of Endowments® (NCSE) provides the most comprehensive analysis of financial, investment and governance policies and practices.
The CCSF study provides an authoritative and comprehensive survey of private and community foundation investment and governance practices.
The annual Commonfund Higher Education Price Index (HEPI) report provides an analysis of HEPI and the cost factors...
Commonfund Institute and The Council on Foundations survey builds upon the 2014 Council on Foundations-Commonfund Study of Investment of Endowments for Private and Community Foundations® (CCSF) by delving in to responsible investing practices, policies and portfolio strategies.