Moominmama Report December 2009

The US Dollar rose this month depressing returns in USD terms for globally diversified portfolios. As a result Moominmama lost 0.95% this month. The MSCI World Index managed a 2.10% gain somehow though. Moominmama did gain in stocks across the board and especially in non-US stocks. Commodities did poorly:



For the year Moominmama saw a 25.06% gain against a 35.41% gain for the MSCI.