News for Donor Advisors

Investment Update: Summer 2019

graphs and charts

Equity market performance was extremely good the first half of 2019 despite the declines in May.

The second quarter ended well with a 7.1% return on S&P 500 in June, the best one-month return for any June since 1955. Interest rates declined in the first half of 2019, which boosted fixed income returns, and the yield curve inverted.

This strong performance for both equity and fixed income means that valuations across risk assets are again somewhat expensive, although international equities appear less expensive on a valuation basis.

Investment returns for period ending 6/30/19

The Sioux Falls Area Community Foundation is maintaining its tactical allocation targets, which include an overweight to cash and underweight to fixed income with strong exposure to international equities.

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Contact Mike Finnegan, VP for Finance, at 605.336.7055.