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By Scott Ronalds Markets had a good quarter, with resource stocks rebounding. The Canadian market (S&P/TSX Composite Index) gained 7%, while the MSCI World Index rose 3% (in Canadian dollar terms). Japan was the laggard, as the market declined slightly. There were some positive developments in Europe regarding the region's debt problems, with the European Central Bank (ECB) stepping up efforts to tackle fiscal issues. Bonds also had a positive quarter, led by a strengthening in corporate and high yield bond prices. Our funds performed well in the quarter and have provided strong returns year-to-date. As for asset mix, which is reflected in the Founders Fund, we are maintaining a full allocation to stocks and a minimum weighting in government bonds. We also have a meaningful cash reserve in anticipation of more volatile markets ahead. In this podcast, we review the quarter in further detail and highlight some of the key takeaways from our Quarterly Report. Download, subscribe via iTunes or RSS, or listen now:
By Scott Ronalds It was an active spring in the capital markets, characterized by a spike in volatility, a run-up in bond yields and a dive in gold and mining stocks. Canadian markets had a rough quarter: the bond market (DEX Universe Bond Index) fell 2.4% - its worst quarterly decline in nearly two decades - and the stock market (S&P/TSX Composite Index) lost 4.1%. Global markets fared better, on balance, with many Japanese and U.S. stocks posting strong gains. Our funds fared reasonably well in the quarter, all things considered. Although our Income Fund turned it its first quarterly loss in quite some time, our equity funds gained ground, led by our Global Fund, and are up nicely in 2013. In this podcast, we review how the volatility and higher bond yields impacted our funds and highlight some of the key takeaways from our Quarterly Report. Download, subscribe via iTunes or RSS, or listen now:
May_5th_2010.mp3 S&P/TSX Composite Index S&P/TSX Composite Index (click for larger picture) Let me provide you with a unique perspective on your investments through a no-obligation consultation. Contact me by filling out the "Unique Perspective" form on the Contact page, or by calling at 1-204-982-0633. Before trading, please contact an investment professional.
December_30th_2009.mp3 S&P TSX Composite Index (click for larger picture)Let me provide you with a unique perspective on your investments through a no-obligation consultation. Contact me by filling out the "Unique Perspective" form on the Contact page, or by calling at 1-204-982-0633. Before trading please contact an investment professional.