Thought Leadership

Affirmative Impact October 2019

on Nov 1, 2019 10:15:00 AM By | Holly Testa | 0 Comments | Affirmative Impact
Gun Violence: Are We Moving Beyond Thoughts and Prayers? By Holly Testa  |  Download the PDF Recent events give us hope that the answer is yes, even in the face of an unresponsive Senate. In the last few months we have seen significant developments: In the absence of viable federal legislation, state lawmakers have been taking action, with numerous states enacting new gun laws that strengthen background checks, increase age requirements and restrict magazine size and accessories that enhance rapid firing capability. New Jersey Governor Philip Murphy asked banks doing business in the state to disclose relationships with gun manufacturers and sellers. The U.S. House passed a bill that represents the first substantive attempt to enhance federal firearms regulation since 1994. Walmart terminated hand gun and short barrel rifle ammunition sales after a mass shooting killing 20 in one of their own stores. CEO Doug McMillon publicly asked for public policy action. 145 CEOs signed a letter asking the Senate to pass legislation mandating background checks for all firearms sales and to enact a strong red flag law.
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Market Commentary October 2019

on Oct 30, 2019 11:30:00 AM By | Theresa Gusman | 0 Comments | Market Commentary
In this issue: Global Market Highlights  |  Outlook - Climbing A Wall Of Worry...Until We Get To The Top  |  Quarterly Bond Market Overview Earnings and Economic Growth Decelerating, Valuations Stretched - Markets Rising? By Theresa Gusman, Chief Investment Officer  |  Download PDF US equities continue to hit new highs. After its best first half in 22 years, the S&P 500 posted a 1.7% gain in the third quarter. Global equity markets were mixed. Japanese, European and US equities rose in the third quarter, while non-Japan Asia and Emerging Markets declined, paring gains for the year. Volatility persisted during the quarter. Global equity markets advanced and declined along with trade tensions, Brexit news, and monetary easing amid slowing economic activity and continued low inflation. Despite the volatility, equity markets remain resilient, even as global growth slows, earnings growth decelerates sharply, and valuations are stretched.
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Economic Commentary October 2019

on Oct 28, 2019 5:02:37 PM By | First Affirmative | 0 Comments | Economic Commentary
Falling Leaves and Economy? By Mel Miller, CFA®, Chief Economist  |  Download PDF Fall is here.  As I watch leaves drifting down to the ground from my office window, I have to ask whether the economy will follow a similar pattern of slowly drifting lower.  The summer was a record-breaker in terms of rainfall here in Wisconsin as flooding captured the headlines.  The economy also is in the record-breaking territory, as the expansion is now the longest continuous expansion in history. 
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Economic Commentary June 2019

on Aug 8, 2019 12:53:48 PM By | First Affirmative | 0 Comments | Economic Commentary
Record Archived By Mel Miller, CFA® | Chief Economist Download PDF The US economy enters July having achieved the longest economic expansion in history. The economy reversed the contraction that began in July of 2004, starting at the end of the second quarter of 2009.
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Market Commentary June 2019

on Jul 31, 2019 12:29:08 PM By | Theresa Gusman | 0 Comments | Market Commentary
In this issue: Quarterly Performance Benchmarks  |  Global Market Highlights  |  Outlook – Climbing a wall of worry…Until we get to the top  |  Quarterly Bond Market Overview Download PDF Mixed signals: New Highs, Decelerating Earnings Growth, Stretched Valuations By Theresa Gusman US equities continue to hit new highs. The S&P 500 posted its best first half in 22 years, rising 18.5% through the end of June. Stock markets advanced worldwide, with developed and emerging international markets up 14.0% and 10.6%, respectively, year-to-date, and 3.7% and 0.6% in the second quarter. Volatility persisted during the quarter, with global equity markets rising and falling along with trade tensions -- until it became apparent that the Federal Reserve would be quick to reduce rates amid slowing economic activity and continued low inflation. Fresh highs come amid slowing global growth, sharply decelerating earnings growth and stretched valuations.
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Affirmative Impact June 2019

on Jul 25, 2019 4:01:54 PM By | Holly Testa | 0 Comments | Affirmative Impact
Finally: Significant Progress on Board Diversity By Holly Testa Download the PDF First Affirmative has seen frustratingly slow, but nevertheless steady progress when it comes to board diversity. Of note this proxy season were our successful withdrawals of board diversity proposals at Masimo and Cambrex after both companies took steps to revise nominating committee guidelines and improve their search process to enhance board diversity.
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Sustainable Investment Solutions Symposium: The View From Boston

on Jul 18, 2019 12:20:31 PM By | First Affirmative | 0 Comments |
You’ve probably noticed that the First Affirmative team has been on the road quite a bit over the last few months as we co-present the 2019 Sustainable Investment Solutions (SIS) symposium series. Last week we were in Boston for yet another great SIS event.
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Investing for Impact: Stories from Sustainable Investment Solutions, Washington, D.C.

on Jul 11, 2019 1:53:48 PM By | Amy Thacker | 0 Comments |
I was so encouraged when I attended the recent Sustainable Investment Solutions event in Washington DC on June 25 sponsored by a group of premier asset managers. With close to 60% of the room filled with advisors, 30% of whom were attending their first ever impact investing event, there was robust discussion, a lot of great questions and genuine enthusiasm all around.
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FPA NexGen: The View from New Orleans!

on Jun 25, 2019 1:20:29 PM By | Danielle Burns | 0 Comments |
The vibe: dynamic! The venue: nostalgic! The content: strong! The event: impactfully unconventional.
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The Next Generation of Advisors is Embracing Sustainable, Responsible, and Impact Investing

on Jun 19, 2019 4:34:09 PM By | Theresa Gusman | 0 Comments |
First Affirmative’s key messages to advisors at the 2019 FPA NextGen Gathering:
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