We at Reynders, McVeigh Capital Management believe in trust, vision, and honesty – for ourselves and for the investments that we make. We offer independent and unbiased advice, we deliver on our commitments, and we conduct our business with sincerity and integrity.





QUARTERLY LETTER: JANUARY 2014

"Winds in the east, mist coming in.
Like somethin' is brewin' and 'bout to begin.
Can't put me finger on what lies in store,
But I fear what's to happen all happened before."
– Bert from Mary Poppins

Far from being the atrocious market that many feared – given the specter of a government shutdown, budget sequestration, Federal Reserve tapering, a credit bubble in China and economic problems in Europe – stock prices soared to new highs during 2013. For the year, the S&P 500 flew up by 32.39% and the MSCI World Index was in glad company with an advance of 27.36%. In the fourth quarter alone, the S&P 500 and MSCI World Index rose by 10.51% and 8.00%, respectively.