March was another good month for our portfolios, with all five finishing in positive territory, and four out of the five outpacing their benchmarks. The only laggard was our Growth Portfolio which slightly underperformed its benchmark. Our Balanced Growth Portfolio posted a 1.3% gain during the month, outpacing its benchmark by 31 basis points.
The biggest contributor to our outperformance was the CI Harbour Fund, which posted a modest gain of 0.1% during the month, but outpaced the S&P/TSX Composite by 1.7%. The Renaissance Global Healthcare Fund was also a strong contributor to the monthly performance, gaining 4.1% in March. The CI American Value Fund gained nearly 3% in the month, but was well below the 4.2% gain posted by the S&P 500 in Canadian dollar terms. The TD Real Return Bond also underperformed the broader Canadian bond market during the month, impacting our relative performance.
You can download our detailed Portfolio Review here.
For the month of March, the portfolio for the portfolios was:
|
1 Mth |
3 Mth |
YTD |
1 Yr |
2 Yr |
3 Yr |
5 Yr |
10 Yr |
|
|
|
|
|
|
|
|
|
|
|
| Conservative |
0.7% |
4.4% |
4.4% |
5.6% |
6.3% |
9.6% |
4.2% |
5.9% |
| Moderate Balanced |
1.0% |
6.2% |
6.2% |
3.7% |
5.9% |
10.3% |
3.1% |
5.4% |
| Balanced |
1.0% |
6.7% |
6.7% |
2.4% |
5.6% |
10.6% |
2.6% |
5.5% |
| Balanced Growth |
1.3% |
8.4% |
8.4% |
0.8% |
5.0% |
10.8% |
1.3% |
4.7% |
| Growth Portfolio |
1.4% |
9.8% |
9.8% |
1.0% |
6.2% |
12.7% |
0.3% |
4.5% |