{"id":38800,"date":"2022-01-07T16:02:00","date_gmt":"2022-01-07T16:02:00","guid":{"rendered":"https:\/\/wp2.inovestor.com\/2022\/01\/portfolio-managers-january-comment-for-q4-2021\/"},"modified":"2023-10-11T18:41:28","modified_gmt":"2023-10-11T18:41:28","slug":"portfolio-managers-january-comment-for-q4-2021","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-ca\/2022\/01\/portfolio-managers-january-comment-for-q4-2021\/","title":{"rendered":"Portfolio Manager\u2019s January Comment For Q4 2021"},"content":{"rendered":"<p style=\"font-weight: 400;\">The year 2021 ended with a strong Christmas rally. This positive final rally happened despite uncertainties regarding the omicron virus and the FED\u2019s interpretation of inflation, removing \u201ctransitory\u201d from its vocabulary. However, the market was comforted in December by strong third-quarter financial reports and the lack of significant impact from omicron until now.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">In Q4, The TSX expanded by 3.1%, the S&amp;P 500 rose by 4.5% while the MSCI ACWI ex. USA increased by 4.2%.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">At the end of the 12-month period ending December 31, the TSX\u00a0grew by 25.1%, the S&amp;P500 gained 28.7% while the MSCI ACWI ex USA posted a meager return of 8.3%.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">In Q4, NQICA returned 5.5% leading to a 1-year return of 21.7%<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">In Canada, the best Q4 sectors were Energy up 13.3%, Materials up 10.3%, and Financials up 8.4%. The worst sectors were Health Care down 19.5%, Info Technology down -3.6% and Telecommunication up 3.0%.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">In Q4, the best performers of NQICA were TD Bank, Dollarama, and Canfor up 16.6%, 15.3%, and 15.2% respectively.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">On the other hand, the worst performers were Enghouse, goeasy, and Winpak down 11.8%, 11% and 9.2% respectively.<\/p>\n<p style=\"font-weight: 400;\">\n","protected":false},"excerpt":{"rendered":"<p>The year 2021 ended with a strong Christmas rally. This positive final rally happened despite uncertainties regarding the omicron virus and the FED\u2019s interpretation of inflation, removing \u201ctransitory\u201d from its vocabulary. However, the market was comforted in December by strong third-quarter financial reports and the lack of significant impact from omicron until now. In Q4, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[123,55],"tags":[163,161,162],"class_list":["post-38800","post","type-post","status-publish","format-standard","hentry","category-featured","category-modelportfolio","tag-canada","tag-model-portfolio","tag-nqicat"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Portfolio Manager\u2019s January Comment For Q4 2021 - Inovestor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.inovestor.com\/en-ca\/2022\/01\/portfolio-managers-january-comment-for-q4-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portfolio Manager\u2019s January Comment For Q4 2021\" \/>\n<meta property=\"og:description\" content=\"The year 2021 ended with a strong Christmas rally. This positive final rally happened despite uncertainties regarding the omicron virus and the FED\u2019s interpretation of inflation, removing \u201ctransitory\u201d from its vocabulary. However, the market was comforted in December by strong third-quarter financial reports and the lack of significant impact from omicron until now. In Q4, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.inovestor.com\/en-ca\/2022\/01\/portfolio-managers-january-comment-for-q4-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Inovestor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Inovestor\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-07T16:02:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-11T18:41:28+00:00\" \/>\n<meta name=\"author\" content=\"Anthony Menard\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Inovestor_\" \/>\n<meta name=\"twitter:site\" content=\"@Inovestor_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anthony Menard\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2022\/01\/portfolio-managers-january-comment-for-q4-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2022\/01\/portfolio-managers-january-comment-for-q4-2021\/\"},\"author\":{\"name\":\"Anthony Menard\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/person\/a47ac16db946331b2be8a8f78c89331d\"},\"headline\":\"Portfolio Manager\u2019s January Comment For Q4 2021\",\"datePublished\":\"2022-01-07T16:02:00+00:00\",\"dateModified\":\"2023-10-11T18:41:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2022\/01\/portfolio-managers-january-comment-for-q4-2021\/\"},\"wordCount\":178,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#organization\"},\"keywords\":[\"Canada\",\"Model Portfolio\",\"NQICAT\"],\"articleSection\":[\"Featured\",\"Model Portfolio\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.inovestor.com\/en-ca\/2022\/01\/portfolio-managers-january-comment-for-q4-2021\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2022\/01\/portfolio-managers-january-comment-for-q4-2021\/\",\"url\":\"https:\/\/www.inovestor.com\/en-ca\/2022\/01\/portfolio-managers-january-comment-for-q4-2021\/\",\"name\":\"Portfolio Manager\u2019s January Comment For Q4 2021 - 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