Investment Updates

To stay updated on investment performance, policy changes or other fund-related topics, subscribe to our RSS feed of the posts archived below —

May Market Review

Following is a summary of the markets and our funds’ performance for the month of May 2017, provided by our Chief Investment Strategist David Klassen.

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December Market Review

Following is a summary of the markets and our funds’ performance for the month of December 2016, provided by our Chief Investment Strategist David Klassen.

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November Market Review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides a review of the market and our funds’ performance. Following is a summary of November —

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October Market Review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides a review of the market and our funds’ performance. Following is a summary of October —

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September Market Review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides a review of the market and our funds’ performance. Following is a summary of September —

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June Market Review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides a review of the market and our funds’ performance. Following is a summary of June — Read more »

March Market Review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides a review of the market and our funds’ performance. Following is a summary of March — Read more »

February Market Review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides a review of the market and our funds’ performance. Following is a summary of February — Read more »

January Market Review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides a review of the market and our funds’ performance. Following is a summary of January — Read more »

Mid-January, 2016 Update

The resumption of selling in global equity markets (including the US) in 2016 has tripped up investors over the short-term. This market action extends a lackluster calendar year 2015, which offered few pockets of returns to support diversified portfolios. Read more »

December Market Review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides a review of the market and our funds’ performance. Following is a summary of December —  Read more »

October Market Review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides a review of the market and our funds’ performance. Following is a summary of October —  Read more »

September Market Review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides highlights of the market and our funds’ performance. Following is a summarized review of September — Read more »

August Market Review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides highlights of the market and our funds’ performance. Following is a summarized review of August —  Read more »

Market update: What is happening? 

The recent slide in global equity markets, initially centered around China’s slowing growth and policy, has heightened concerns about another financial crisis, especially with 2008 and 2011 still fresh in our minds. Read more »

July market review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides highlights of the market and our funds’ performance. Following is a summarized review of July —  Read more »

Higher temperatures, higher volatility

Mid-year review, by David Klassen

The US equity markets finished the first half of 2015 with positive returns. However, the second quarter itself was lackluster, accompanied by a marked increase in volatility late in June. Read more »

June market review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides highlights of the market and our funds’ performance. Following is a summarized review of June —  Read more »

May market review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides highlights of the market and our funds’ performance. Following is a summarized review of May —  Read more »

April market review

Shortly after the end of each month, our Chief Investment Strategist David Klassen provides highlights of the market and our funds’ performance. Following is a summarized review of April — Read more »

February market review

Shortly after the end of each month, our Chief Investment Strategist provides highlights of the market and our funds’ performance. Following is a summarized review of February— Read more »

January market review

Shortly after the end of each month, our Chief Investment Strategist provides highlights of the market and our funds’ performance. Following is a summarized review of January — Read more »

2014: A year of simplicity

David A. Klassen, Chief Investment Strategist

Equity and fixed-income markets ended the year with mixed, but still positive results. Global economic and geopolitical concerns resurfaced, and there was more underlying turbulence than indicated by headline results. One business magazine called 2014 the year that nothing worked! A better way to say it might be: the best way to thrive was just to stay simple. Read more »

December market review

Shortly after the end of each month, our Chief Investment Strategist provides highlights of the market and our funds’ performance. Following is a summarized review of December — Read more »

October market review

Shortly after the end of each month, our Chief Investment Strategist provides highlights of the market and our funds’ performance. Following is a summarized review of October —  Read more »

UCF invests in Green Bonds

UCF and the PBUCC have together invested $20 million in Green Bonds as part of the fixed income portfolio, furthering UCF’s commitment to a low-carbon economy Read more »

September market review

Shortly after the end of each month, our Chief Investment Strategist provides highlights of the market and our funds’ performance. Following is a summarized review of September —  Read more »

August market review

Shortly after the end of each month, our Chief Investment Strategist provides highlights of the market and our funds’ performance. Following is a summarized review of August — 
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July market review

Shortly after the end of each month, our Chief Investment Strategist provides highlights of the market and our funds’ performance. Following is a summarized review of July —  Read more »

Markets, outlook & positioning — mid-year review

Equity and fixed income markets closed the first half of 2014 with increasingly positive returns. Concerns about global economic weakness and geopolitical flare-ups eased, allowing equity markets to rally. Read more »

June market review

Shortly after the end of each month, our Chief Investment Strategist provides highlights of the market and our funds’ performance. Following is a summarized review of June — Read more »

Investment Committee meets

UCF’s Investment Committee met in New York on June 16 to review the portfolio’s performance and discuss development of two new fund options for investors. Read more »

May market review

Shortly after the end of each month, our Chief Investment Strategist provides highlights of the market and our funds’ performance. Following is a summarized review of May — Read more »

April market review

Shortly after the end of each month, our Chief Investment Strategist provides highlights of the market and our funds’ performance. Following is a summarized review of April —  Read more »

March market review

Shortly after the end of each month, our Chief Investment Strategist provides highlights of the market and our funds’ performance. Following is a summarized review of March —  Read more »

February market review

Shortly after the end of each month, our Chief Investment Strategist provides highlights of the market and our funds’ performance. Following is a summarized review of February — Read more »

January market review

Shortly after the end of each month, our Chief Investment Strategist provides highlights of the market and our funds’ performance. Following is a summarized review of January — Read more »

Chief Investment Strategist Commentary — 2013 year-end review

US equity markets produced exceptional, and surprising, absolute returns in 2013. International markets were not quite as impressive but still returned over 20% for 2013. Read more »

December market review

Shortly after the end of each month, our Chief Investment Strategist provides highlights of the market and our funds’ performance. Following is a summarized review of December — Read more »

November market review

Shortly after the end of each month, our CIO provides highlights of the market and our funds’ performance. Following is a summarized review of November —  Read more »

October market review

Shortly after the end of each month, our CIO provides highlights of the market and our funds’ performance. Following is a summarized review of October —  Read more »

September market review

Shortly after the end of each month, our CIO provides highlights of the market and our funds’ performance. Following is a summarized review of September — Read more »

Protecting portfolios against higher interest rates

We wanted to take this opportunity to update you on recent market events, especially in the fixed income market, and our strategy to protect UCF portfolios against the possibility of higher interest rates. Read more »

August market review

Shortly after the end of each month, our CIO provides highlights of the market and our funds’ performance. Following is a summarized review of August  —

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July market review

Shortly after the end of each month, our CIO provides highlights of the market and our funds’ performance. Following is a summarized review of July  —  Read more »

CIO Commentary: Q2 2013

Once again, the roller coaster analogy applies to financial markets in the most recent three months. However, we must happily exclude domestic equity markets, where early year gains are largely intact (S&P Index of 500 stocks up 13.82% as of June 30). Read more »

CIO Commentary: Q1 2013

So far in 2013, UCF market participants have benefitted from a strong rally in domestic equity markets along with price appreciation in the more credit-sensitive parts of the fixed-income markets, such as corporate bonds.  Read more »

CIO Commentary: 2012 year-end review

For the calendar year 2012, market participants have benefitted from exposure to both equity and fixed income markets. The backdrop, of course, was a fair amount of uncertainty both economically and politically.  Read more »

An update on fixed income

The past several years have been good for bond investors as well as those who own bonds in balanced portfolios. Interest rates have fallen, pushing bond prices up. Fundamentals in both the corporate credit and mortgage backed securities markets have improved. Lately, though, navigating the bond market on behalf of UCF investors has become more challenging as the general level of interest rates is now lower than most other times in history. Read more »

CIO Commentary: May 2012

Weakening employment data here in the US, battles between growth and austerity policy in Europe, concern over China’s ability to sustain high growth — all have investors on edge. Read more »

CIO Commentary: Q1 2012

It certainly is a more optimistic time in the financial markets. Good news certainly is easier to deliver! All in all, we appreciate the opportunity to provide ongoing updates, in order to provide you with our latest thinking in our stewardship of the funds you have entrusted to us. Read more »

CIO Commentary: Q4 2011

A year-end review of UCF’s fund from Chief Investment Officer Dave Klassen Read more »

CIO Commentary: Q2 2011

United Church Funds’ investment division offers a commentary on fund performance in the second quarter —

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International equity allocation increases to 50%

One of the advantages United Church Funds’ investors enjoy: the service of an experienced Investment Committee. In consultation with Summit Strategies Group, an external investment consultant, the Committee works year-round to monitor the composition of UCF’s portfolios, the performance of fund managers, and to look ahead to find new opportunities for enhanced returns. Read more »

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