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Explore Your Alternatives

Your source for perspectives on financial markets and the economy.

Whether your mission is to find a particular investment style, strive to meet personal or organizational goals, adopt socially responsible investing principles, or support the mission of the Presbyterian Church - New Covenant Funds offer a diversity of investment approaches and charitable giving options.

Whatever your mission, New Covenant Funds may be right for you.

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Socially Responsible Investing

It is possible to do well while doing good. This is the premise behind Socially Responsible Investing – a distinctive feature of New Covenant Funds.

 

Learn More About Socially Responsible Investing

Fund Tracker

Fund Name Price
Balanced Growth Fund
(NCBGX)
$102.81
Growth Fund
(NCGFX)
$42.18
Balanced Income Fund
(NCBIX)
$21.41
Income Fund
(NCICX)
$23.74

* Price as of August 20, 2019

Funds

Latest Knowledge & Resources

Weekly Update

August 9, 2019 - U.S. equity markets were battered to start the week ending August 9 as renewed trade threats raised fears of an economic slowdown. Major U.S. stock indexes fell sharply; the S&P 500 Index shed approximately 3% on August 5 to start the week. The U.S.-China trade war has been unfolding since 2018, dimming investor sentiment and the outlook for corporate profits and economic growth.

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Weekly Update

August 2, 2019 - The Federal Reserve (Fed) cut interest rates for the first time in over a decade, lowering the funds rate by a quarter-point. Market participants viewed the cut as a pre-emptive attempt to safeguard the U.S. economy; the rationale was supported by muted inflation pressures. Chairman Jerome Powel affirmed this was a mid-cycle adjustment and not the start of an easing cycle.

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Weekly Update

July 19, 2019 - Investors no longer appear to question whether the Federal Reserve will cut rates at its late July meeting— the question now appears to be how deep of a cut the central bank will make. In the week ending July 19, the probability of a half percentage-point reduction (rather than a quarter percentage point) jumped to a year-to-date high of 71% before retreating back below a 50% chance. Some economists insist that a half percentage-point cut is unlikely considering solid U.S. employment conditions and equity markets nearing record territory. Others assert that it would be better to take preventive measures than wait for disaster to unfold.

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Second Quarter 2019 Investment Review

Most asset classes turned in a solid second quarter despite a strong risk-off move in May. Intensifying trade-war concerns, along with slower economic and earnings growth, caused market expectations for Federal Reserve policy to turn sharply dovish, from interest rate hikes to multiple rate cuts in 2019.

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Quarterly Market Update

Second Quarter 2019 - Stocks around most of the world continued their early-year rally into the second quarter before tumbling throughout May and then recovering to varying degrees in June. Government-bond rates moved lower over the three-month period.

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