April was not a particularly kind month to the portfolios as each portfolio lagged their respective benchmarks during the month. In all cases, this underperformance was a result of the Cundill Value Fund, which lost 6.2% during the month, underperforming the MSCI World Index by more than 4%.
On a positive note, the Canadian equity funds were strong relative performers, outpacing the S&P/TSX Composite Index. The Dynamic Global Real Estate Fund was the best performer on both an absolute and relative basis, gaining 3.9% during the month.
For the month of April, the returns for the portfolios were:
|
1 Mth |
3 Mth |
YTD |
1 Yr |
2 Yr |
3 Yr |
5 Yr |
10 Yr |
|
| Conservative |
-1.2% |
0.9% |
3.1% |
3.3% |
5.6% |
8.5% |
3.9% |
5.7% |
| Mod. Balanced |
-1.6% |
1.5% |
4.5% |
1.0% |
4.9% |
8.8% |
2.6% |
5.3% |
| Balanced |
-1.7% |
1.6% |
4.9% |
-0.4% |
4.5% |
8.9% |
2.2% |
5.4% |
| Balanced Growth |
-1.9% |
2.5% |
6.3% |
-2.1% |
3.8% |
8.8% |
0.8% |
4.7% |
| Growth Portfolio |
-2.1% |
2.5% |
7.5% |
-2.1% |
4.6% |
10.2% |
-0.4% |
4.5% |