This month, the markets experienced a wave of turbulence following the U.S. Administration’s announcement of sweeping new tariffs. This policy shift represents one of the most significant changes to U.S. trade policy in over a century. The new tariff plan introduced renewed uncertainty into the global economy, and markets responded with volatility: major U.S. indices dropped sharply, and investors sought safety in government bonds and non-U.S. assets.

While headlines may be unsettling, we want to assure you that your retirement system remains resilient.

The COAERS Fund and investment strategy is built for the ups and downs of the market. It is designed not to chase short-term gains but to deliver sustainable, long-term growth. COAERS has a highly diversified portfolio across asset classes, sectors, and geographies designed to withstand market volatility, manage risks, and capture opportunities as they arise. Our prudent and strategic approach serves the long-term interests of members by consistently achieving best-in-class results.

It is important to remember that market upheavals do not affect the retirement benefit that you have earned. As we navigate through the current cycle, COAERS is actively monitoring this evolving situation. While trade policy changes like these are impactful, they do not alter the System's fundamental approach. COAERS remains focused on prudent, long-term decision-making rather than reacting to short-term volatility. 

These are indeed complex times, and the global economic landscape is shifting in real-time. But as members of COAERS, you can take comfort in knowing that your retirement system is steadfast, thoughtfully managed, and guided by a clear mission: to provide our members their promised benefits.

Thank you for your continued trust. COAERS is committed to transparency, diligence, and resilience—no matter the market climate.