Market commentary and investment performance | First quarter (January-March 2022)
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May 11, 2022
While Q1 is historically a good quarter for the financial markets, 2022 has not gotten off to a particularly good start due to the turmoil of world events. Global equities, including the U.S., were down about 13% through April.
For Q1 2022, the NCCF portfolio was down about 6%, benefiting somewhat from fixed income and other diversifying assets. We can expect further volatility, though employment, corporate earnings, and consumer spending remain strong.
The good news: NCCF’s extremely long-term investment approach has endured similarly uncertain market times by assuming a moderate level of risk and effective asset and liquidity diversification. Read more about our long-term investment approach.
Last 10 years
Last five years
Last three years
Last year
Overall NCCF (Wtd Avg.)
8.0%
8.4%
9.9%
2.4%
NCCF Investment Fund
7.2%
7.7%
9.5%
2.1%
Other Managers (Wtd Avg.)
8.3%
8.8%
10.1%
2.5%
Broad Policy Index
7.8%
9.0%
10.3%
3.8%
Notes: Multi-year percentages are annualized. Returns are net of investment fees. The Broad Policy Index equals 70% of the MSCI All Country World Equity Index and 30% of the Bloomberg Barclays Aggregate Bond Index.
{"tinyMCE_dummy":"","title":"Market commentary and investment performance | First quarter (January-March 2022)","url":"\/blog\/market-commentary-and-investment-performance-first-quarter-january-march-2022","meta":{"title":"","description":"","excludeFromSitemap":"No"},"ordinal":999,"content":"<p>While Q1 is historically a good quarter for the financial markets, 2022 has not gotten off to a particularly good start due to the turmoil of world events. Global equities, including the U.S., were down about 13% through April.<\/p>\r\n<p>For Q1 2022, the NCCF portfolio was down about 6%, benefiting somewhat from fixed income and other diversifying assets. We can expect further volatility, though employment, corporate earnings, and consumer spending remain strong.<\/p>\r\n<p>The good news: NCCF’s extremely long-term investment approach has endured similarly uncertain market times by assuming a moderate level of risk and effective asset and liquidity diversification. <a href=\"\/blog\/investments-a-long-term-perspective\">Read more about our long-term investment approach<\/a>.<\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td> <\/td>\r\n<td>Last 10 years<\/td>\r\n<td>Last five years<\/td>\r\n<td>Last three years<\/td>\r\n<td>Last year<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Overall NCCF (Wtd Avg.)<\/strong><\/td>\r\n<td><strong>8.0%<\/strong><\/td>\r\n<td><strong>8.4%<\/strong><\/td>\r\n<td><strong>9.9%<\/strong><\/td>\r\n<td><strong>2.4%<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><em>NCCF Investment Fund<\/em><\/td>\r\n<td>7.2%<\/td>\r\n<td>7.7%<\/td>\r\n<td>9.5%<\/td>\r\n<td>2.1%<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><em>Other Managers (Wtd Avg.)<\/em><\/td>\r\n<td>8.3%<\/td>\r\n<td>8.8%<\/td>\r\n<td>10.1%<\/td>\r\n<td>2.5%<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Broad Policy Index<\/td>\r\n<td>7.8%<\/td>\r\n<td>9.0%<\/td>\r\n<td>10.3%<\/td>\r\n<td>3.8%<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<p><em>Notes: Multi-year percentages are annualized. Returns are net of investment fees. The Broad Policy Index equals 70% of the MSCI All Country World Equity Index and 30% of the Bloomberg Barclays Aggregate Bond Index. <\/em><\/p>","excerpt":"","media":0,"custom":{"blog_author":{"use_alternate_image":"No"},"masthead":{"title":"","counties":"","affiliate_logo":"","sub_text":"","background_image":"","caption":""},"latest_blog":{"post":""},"post_image":{"image":""},"social_sharing":{"share_image":""},"the_latest":{"show_latest_posts_by":""}},"inMenu":false,"visibleTo":"Everyone","publishedAt":1652304600,"orderChildrenBy":"ordinal","enableComments":false,"permission":"read","id":"4bcaa2ae72934b5c99a56daed7178d15","parent":"e76aa785e2f140b6a8bdcb322b91b397","node":87449,"created":1652279367,"modified":1652320489,"fresh":1,"type":"post","children":{},"relations":{}}