MARKET COMMENTARY

Performing in a Difficult Market

See how our ongoing conservative bias, diversification and international weighting added value to portfolios in the challenging fourth quarter.

01.29.2019 - Scott Guitard, Vice President, Portfolio Manager

Performing in a Difficult Market

By Scott Guitard

There was no escaping the fourth quarter’s heightened volatility, driven by a long list of economic and geopolitical uncertainties. With such factors in mind, we have continued to maintain the conservative bias in our portfolios. Here’s a closer look at strategic positioning and performance for the last period of 2018.

Money Market/Cash Equivalents

Canadian money market yields rose following the Bank of Canada’s policy rate hike in October. The Canadian yield curve flattened over the period, reducing the opportunity cost of holding funds in cash versus longer-term bonds. We also expect equity market volatility to remain elevated. For these reasons, we’re comfortable with our overweight position in cash equivalents.

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MARKET COMMENTARY

A Bumpy Ride to the Finish Line

01.29.2019 Ian Riach, Chief Investment Officer

The worldwide Q4 market correction created discomfort for investors and unlocked opportunities well-suited to our active management approach. Take a closer look.

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MARKET COMMENTARY

Choosing Canada

09.30.2018

For Canadian equity investors, 2018 has been a smorgasbord of returning volatility, all-time market highs, mid-air stalls and autumn bounces.

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