The winning streak continues, with all portfolios posting gains in May. Surprisingly, even the fixed income heavy Conservative portfolio was up, rising a modest 0.14% in the month, the tenth positive month in a row. It also handily outpaced its benchmark as the PH&N Bond and Manulife Strategic Income funds held up better than the DEX Bond Universe. The equity funds were all positive contributors to performance.
Each of the other portfolios were also positive, for the tenth month in a row. It was the same story with the equity funds, particularly the Mackenzie Ivy Foreign Equity and CI American Value Fund that were the main contributors to both the absolute and relative returns.
The TD Real Return Bond and the Dynamic Global Real Estate funds were the only that were unable to keep pace with their benchmarks during the month. All things considered, it was another very encouraging month for the portfolios.
The portfolios continue to post returns that are within expected ranges based on the risk reward profile of each portfolio.
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| 1 Mth | 3 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 5 Yr | 10 Yr | |
|---|---|---|---|---|---|---|---|---|
| Conservative | 0.1% | 2.1% | 5.0% | 8.4% | 4.8% | 6.5% | 5.2% | 6.0% |
| Moderate Balanced | 1.0% | 2.9% | 7.1% | 11.3% | 4.5% | 6.9% | 4.4% | 6.2% |
| Balanced | 1.4% | 3.2% | 8.0% | 12.9% | 4.1% | 7.0% | 4.0% | 6.7% |
| Balanced Growth | 2.5% | 4.4% | 10.8% | 16.4% | 4.3% | 7.6% | 3.1% | 6.8% |
| Growth Portfolio | 3.2% | 5.4% | 13.1% | 19.7% | 5.6% | 9.4% | 2.8% | 7.3% |