After a year marked by
historically low levels of
stock market volatility,
the first quarter of 2018
brought renewed variability
in stock prices. January
was largely positive before
a stinging 10% plunge in
early February. The volatile
quarter ended with the S&P
500 down just less than 1%.

FEG welcomed attendees to our inaugural FEG CIO Corner: An Approachable Asia. Guests learned about the nuances of investing in Asia, specifically China. We were inspired to host this event because we expect that most institutions will be underweight China as their capital markets grow in tandem with their increasing percentage in various benchmarks. 

Achieving the returns of past decades can be challenging without taking on volatility or liquidity risk. Fortunately, many organizations are discovering that subtle changes in spending policy can have a significant impact on the value of a portfolio, potentially a greater impact than asset allocation itself.