March 2013 Market Recap
Q1 Rewards Investors with Strong Gains The first quarter of 2013 rewarded investors, as global equity markets surged higher. The U.S. led the way with the S&P 500 rising by nearly 13%, finishing at a record high. International equities were also strong, as the MSCI EAFE Index and MSCI World Index rose by 7.4% and 10.1% respectively. Were it not for the rise in the Canadian dollar, these...
Read MoreModel Portfolio Review – March 2013
The portfolios were again positive, chugging higher for investors in March. They have been on quite a roll of late, with the Conservative Portfolio posting positive returns for the past ten months. Moderate Balanced, Balanced and the Balanced Growth Portfolios have also been on quite a run, posting gains for the past eight months in a row. The Renaissance Global Health Care Fund, CI Harbour, and...
Read MoreFund Closings as a result of the Federal Budget
In the budget announced March 21, 2013, the government proposed to eliminate the tax benefits associated with forward agreements used by some mutual funds to achieve capital gains treatment on income that would otherwise be treated as ordinary income. To do this, very simply, a fund would enter into a forward agreement with a counterparty. The forward agreement would provide the fund with a rate...
Read MoreQ1 Rewards Investors with strong gains
Global markets outpace Canada as materials continue to drag The first quarter of 2013 rewarded investors, as global equity markets surged higher. The U.S. led the way with the S&P 500 rising by nearly 13%, finishing at a record high. International equities were also strong, as the MSCI EAFE Index and MSCI World Index rose by 7.4% and 10.1% respectively. Were it not for the rise in the...
Read MoreSocially Responsible Investing Report – March 2013
With environmental and human rights concerns becoming more important to people, interest in the Socially Responsible Investing segment has never been stronger. In an effort to help keep investors and advisors informed on the SRI funds available, we have created our monthly Socially Responsible Investing Fund Report, which will be published on a monthly basis. You can download the March 2013...
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