The performance of the equity market continued its upward trend following the beginning of the vaccination campaign and in anticipation of the complete reopening of the economy.
In Q2, The S&P/TSX Total Return Index rose by 8.5%, the S&P 500 expanded by 8.5% as well while the MSCI ACWI ex. USA increased by 5.5%.
In Q2, NQICA returned 4.3% leading to a 1-year return of 34.4% versus the S&P/TSX composite which returned 33.9% on an annualized basis.
In Canada, the best Q2 sectors were Energy up 20%, Information Technology up 15.8% and Telecommunication up 9.3%. The worst sectors were Health Care down 12.0%, Utilities up 0.5%, and Industrials up 0.8%.
In Q2, the best performers of NQICA were goeasy (GSY), TFI International (TFII), and Power Corporation of Canada (POW) up 26.8%, 20.4% and 18.6% respectively.
On the other hand, the worst performers were Winpak (WPK), Stella-Jones (SJ) and Canadian National Railway (CNR) down 14.1%, 11.7% and 9.9% respectively.