Blog

Portfolio Manager’s March Comment for February Results

In February, the S&P/TSX increased by 0.3%, the S&P 500 fell by 3.0% while the MSCI ACWI ex USA contracted by 2.0%.

At the end of the 12-month period ending February 28, the S&P/TSX grew by 20.1%, the S&P 500 gained 16.4% while the MSCI ACWI ex USA disappointed investors by remaining unchanged.

In February, NQICAT increased by 0.5% while it climbed 18.8% on an annual basis.

The best TSX sectors for the month of January were Materials up 12.8%, Energy up 8.5%, and Telecommunication up 1.6%.

The worst-performing sectors were Information Technology down 9.7%, Consumer Discretionary down 4.3% and Heath Care down 2.8%.

The best monthly performers in NQICAT were Labrador Iron Ore Royalty Corporation up 19.6%, Tranforce up 8.0%, and Equitable Group up 7.3%.

At the opposite, the weakest contributors were Leon’s Furniture down 9.3%, Enghouse down 7.2%, and Hydro-one down 4.7%.

Share