ESSENTIAL ECONOMIC UPDATE - MID-YEAR 2025

Date & Time: June 12 from 1-2 pm ET

Description:

How do associations maintain their investment goals with market changes in 2025? Join Fiducient Advisors, an ASAE-endorsed investment firm, to learn about the current investment landscape and where it’s headed. Heading into 2025, there are three key macro-economic and investment themes: Fragility, Durability, and the Age of Alpha.

• Fragility: Stretched equity valuations, concentrated markets, and the potential for reignited inflation could sow the seeds of economic and market volatility.
• Durability: Thoughtful diversification and an emphasis on quality are essential to building durability in your association investment portfolios.
• Age of Alpha: Opportunities in active management and alternative strategies are highlighted as areas for disproportionate returns.

On the economic front, the following themes presented themselves at the start of the year:

• Economy in First Gear: The economy has been growing, but numerous exist that could push us to great economic growth or contraction.
• New Administration: Much had been said on the campaign trail of what was to come, however the risks skew to the upside of inflation as the administration pursues a growth forward policy platform.

As we approach the midpoint of 2025, how have these themes held up? What do the risks look like now regarding the markets and inflation? Could we be headed for a potential recession in late 2025 or 2026?

Learning Objectives:

• Gain a better understanding of the risks and potential rewards in the current market and economic environment.
• Learn the importance of portfolio diversification.
• Gain a better understanding of how tariffs work and their potential effects, both positive and negative.
• Learn three potential paths forward as we navigate the administration’s global trade policies
• Understand recessions and their effect on financial markets.
• Learn the importance of a sound investment strategy, built to weather all types of economic and market environments for your association.

Speaker:

Bill Fisher, Senior Consultant, Fiducient Advisors

• 25+ years of industry experience
• Provides advice and counsel on all areas of fund oversight including investment and spending policy development, asset allocation, manager research, portfolio structure, portfolio rebalancing, and performance monitoring
• Co-leads firm’s Associations Business Council
• Miami University; Accredited Investment Fiduciary (AIF^®)
• Actively involved with the American Society of Association Executives and Association, Finance and Administration Roundtable and Association Forum of Chicagoland
• Trustee of Phi Kappa Tau Educational Foundation; Officer of Wakefield Manor Farm in Huntly, VA