I would like to begin by thanking Paul McLaughlin for his countless contributions to Moravian Ministries Foundation and for his time and attention to this year’s peer review study. Paul has been a true champion for MMFA and a valuable resource for me as I lead the organization forward. I am proud to say that my first report marks the fifth year Moravian Ministries Foundation’s returns have given us cause for celebration.
Well, 2015 will go down as a strange year for investors. It started off pretty well, fell off later in the year, rebounded off the bottom in October, and then sold off in December. At the end of the day, the Common Fund portfolios ended modestly down for the year. To view the Q4 2015 Common Fund Account Summary, please click here.
The Moravian Ministries Foundation in America, an interprovincial agency of the Northern and Southern Provinces of the Moravian Church in North America, operates an investment and endowment management service called the Moravian Common Fund for the voluntary benefit of churches and agencies. The Common Fund features:
I am delighted to provide you with important information about the Moravian Common Fund.
To begin, the last couple of months have been frustrating for all investors. The international markets have been disappointing, interest rates remain at record lows, and small caps have proven to be challenging. However, sometimes it is helpful to look at the long term since, for the Church, investing is a long-term process.