{"id":46773,"date":"2023-04-05T15:48:19","date_gmt":"2023-04-05T15:48:19","guid":{"rendered":"https:\/\/www.inovestor.com\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/"},"modified":"2023-04-05T15:48:19","modified_gmt":"2023-04-05T15:48:19","slug":"portfolio-managers-april-comment-for-q1-2023-results","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/","title":{"rendered":"Portfolio Manager\u2019s April Comment for Q1 2023 Results"},"content":{"rendered":"<p>In Q1, the S&#038;P\/TSX grew by 4.6%, the S&#038;P 500 surged by 7.5% while the MSCI ACWI ex USA rose by 7.0%.<\/p>\n<p>At the end of the 12-month period ending March 31, the S&#038;P\/TSX decreased by 5.2%, the S&#038;P 500 lost 7.7% while the MSCI ACWI ex USA declined by 4.6%.<\/p>\n<p>In Q1, NQICAT increased by 4.7% while it shank by 0.9% on an annual basis.<\/p>\n<p>The best TSX sectors for Q1 were Information Technology up 23.7%, Materials up 8.1% and Utilities up 6.7%.<\/p>\n<p>The worst performing sectors were Energy down 4.2%, Health Care up 0.8% and Financials up 1.7%.<\/p>\n<p>The best quarterly performers in NQICAT were Parex Resources up 26.6%, Constellation Software up 20.3% and TFI International up 19.3%.<\/p>\n<p>At the opposite, the weakest contributors were Arc Resources down 15.2%, goeasy down 9.4% and TD down 6.6%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Q1, the S&#038;P\/TSX grew by 4.6%, the S&#038;P 500 surged by 7.5% while the MSCI ACWI ex USA rose by 7.0%. At the end of the 12-month period ending March 31, the S&#038;P\/TSX decreased by 5.2%, the S&#038;P 500 lost 7.7% while the MSCI ACWI ex USA declined by 4.6%. In Q1, NQICAT increased [&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],"class_list":["post-46773","post","type-post","status-publish","format-standard","hentry","category-featured","category-modelportfolio","tag-canada"],"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 April Comment for Q1 2023 Results - 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\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portfolio Manager\u2019s April Comment for Q1 2023 Results\" \/>\n<meta property=\"og:description\" content=\"In Q1, the S&#038;P\/TSX grew by 4.6%, the S&#038;P 500 surged by 7.5% while the MSCI ACWI ex USA rose by 7.0%. At the end of the 12-month period ending March 31, the S&#038;P\/TSX decreased by 5.2%, the S&#038;P 500 lost 7.7% while the MSCI ACWI ex USA declined by 4.6%. In Q1, NQICAT increased [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/\" \/>\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=\"2023-04-05T15:48:19+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\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/\"},\"author\":{\"name\":\"Anthony Menard\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/person\/a47ac16db946331b2be8a8f78c89331d\"},\"headline\":\"Portfolio Manager\u2019s April Comment for Q1 2023 Results\",\"datePublished\":\"2023-04-05T15:48:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/\"},\"wordCount\":129,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#organization\"},\"keywords\":[\"Canada\"],\"articleSection\":[\"Featured\",\"Model Portfolio\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/\",\"url\":\"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/\",\"name\":\"Portfolio Manager\u2019s April Comment for Q1 2023 Results - Inovestor\",\"isPartOf\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#website\"},\"datePublished\":\"2023-04-05T15:48:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.inovestor.com\/en-ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Portfolio Manager\u2019s April Comment for Q1 2023 Results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#website\",\"url\":\"https:\/\/www.inovestor.com\/en-ca\/\",\"name\":\"Inovestor\",\"description\":\"Make investment decisions that matter most\",\"publisher\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.inovestor.com\/en-ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#organization\",\"name\":\"Inovestor\",\"url\":\"https:\/\/www.inovestor.com\/en-ca\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2022\/04\/Inovestor-logo-high-res.png\",\"contentUrl\":\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2022\/04\/Inovestor-logo-high-res.png\",\"width\":1581,\"height\":422,\"caption\":\"Inovestor\"},\"image\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Inovestor\/\",\"https:\/\/x.com\/Inovestor_\",\"https:\/\/www.linkedin.com\/company\/inovestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/person\/a47ac16db946331b2be8a8f78c89331d\",\"name\":\"Anthony Menard\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a7ecddb37c5e2996c7e909f93b2f06d1fa4aa5c9b529235fb3916c7a825a2f7f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a7ecddb37c5e2996c7e909f93b2f06d1fa4aa5c9b529235fb3916c7a825a2f7f?s=96&d=mm&r=g\",\"caption\":\"Anthony Menard\"},\"url\":\"https:\/\/www.inovestor.com\/en-ca\/author\/amenardinovestor-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Portfolio Manager\u2019s April Comment for Q1 2023 Results - Inovestor","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/","og_locale":"en_US","og_type":"article","og_title":"Portfolio Manager\u2019s April Comment for Q1 2023 Results","og_description":"In Q1, the S&#038;P\/TSX grew by 4.6%, the S&#038;P 500 surged by 7.5% while the MSCI ACWI ex USA rose by 7.0%. At the end of the 12-month period ending March 31, the S&#038;P\/TSX decreased by 5.2%, the S&#038;P 500 lost 7.7% while the MSCI ACWI ex USA declined by 4.6%. In Q1, NQICAT increased [&hellip;]","og_url":"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/","og_site_name":"Inovestor","article_publisher":"https:\/\/www.facebook.com\/Inovestor\/","article_published_time":"2023-04-05T15:48:19+00:00","author":"Anthony Menard","twitter_card":"summary_large_image","twitter_creator":"@Inovestor_","twitter_site":"@Inovestor_","twitter_misc":{"Written by":"Anthony Menard","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/#article","isPartOf":{"@id":"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/"},"author":{"name":"Anthony Menard","@id":"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/person\/a47ac16db946331b2be8a8f78c89331d"},"headline":"Portfolio Manager\u2019s April Comment for Q1 2023 Results","datePublished":"2023-04-05T15:48:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/"},"wordCount":129,"commentCount":0,"publisher":{"@id":"https:\/\/www.inovestor.com\/en-ca\/#organization"},"keywords":["Canada"],"articleSection":["Featured","Model Portfolio"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/","url":"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/","name":"Portfolio Manager\u2019s April Comment for Q1 2023 Results - Inovestor","isPartOf":{"@id":"https:\/\/www.inovestor.com\/en-ca\/#website"},"datePublished":"2023-04-05T15:48:19+00:00","breadcrumb":{"@id":"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.inovestor.com\/en-ca\/2023\/04\/portfolio-managers-april-comment-for-q1-2023-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.inovestor.com\/en-ca\/"},{"@type":"ListItem","position":2,"name":"Portfolio Manager\u2019s April Comment for Q1 2023 Results"}]},{"@type":"WebSite","@id":"https:\/\/www.inovestor.com\/en-ca\/#website","url":"https:\/\/www.inovestor.com\/en-ca\/","name":"Inovestor","description":"Make investment decisions that matter most","publisher":{"@id":"https:\/\/www.inovestor.com\/en-ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.inovestor.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/www.inovestor.com\/en-ca\/#organization","name":"Inovestor","url":"https:\/\/www.inovestor.com\/en-ca\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.inovestor.com\/wp-content\/uploads\/2022\/04\/Inovestor-logo-high-res.png","contentUrl":"https:\/\/www.inovestor.com\/wp-content\/uploads\/2022\/04\/Inovestor-logo-high-res.png","width":1581,"height":422,"caption":"Inovestor"},"image":{"@id":"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Inovestor\/","https:\/\/x.com\/Inovestor_","https:\/\/www.linkedin.com\/company\/inovestor"]},{"@type":"Person","@id":"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/person\/a47ac16db946331b2be8a8f78c89331d","name":"Anthony Menard","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a7ecddb37c5e2996c7e909f93b2f06d1fa4aa5c9b529235fb3916c7a825a2f7f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a7ecddb37c5e2996c7e909f93b2f06d1fa4aa5c9b529235fb3916c7a825a2f7f?s=96&d=mm&r=g","caption":"Anthony Menard"},"url":"https:\/\/www.inovestor.com\/en-ca\/author\/amenardinovestor-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.inovestor.com\/en-ca\/wp-json\/wp\/v2\/posts\/46773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inovestor.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inovestor.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inovestor.com\/en-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inovestor.com\/en-ca\/wp-json\/wp\/v2\/comments?post=46773"}],"version-history":[{"count":0,"href":"https:\/\/www.inovestor.com\/en-ca\/wp-json\/wp\/v2\/posts\/46773\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.inovestor.com\/en-ca\/wp-json\/wp\/v2\/media?parent=46773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inovestor.com\/en-ca\/wp-json\/wp\/v2\/categories?post=46773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inovestor.com\/en-ca\/wp-json\/wp\/v2\/tags?post=46773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}