{"id":51879,"date":"2024-04-05T12:19:33","date_gmt":"2024-04-05T12:19:33","guid":{"rendered":"https:\/\/www.inovestor.com\/?p=51879"},"modified":"2024-04-05T12:19:33","modified_gmt":"2024-04-05T12:19:33","slug":"portfolio-managers-april-comment-for-q1-2024-results","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-ca\/2024\/04\/portfolio-managers-april-comment-for-q1-2024-results\/","title":{"rendered":"Portfolio Manager\u2019s April Comment for Q1 2024 Results"},"content":{"rendered":"<p>In Q1, the S&amp;P\/TSX recorded an increase of 6.6%, the S&amp;P 500 grew by 10.6%, and the MSCI ACWI ex USA saw an increase of 4.8%.<\/p>\n<p>Over the 12-month period ending on March 31, the S&amp;P\/TSX showed an increase of 14.0%, the S&amp;P 500 increased by 29.9%, and the MSCI ACWI ex USA rose by 13.8%.<\/p>\n<p>In Q1, NQICAT experienced an increase of 6.7% and a 12-month increase of 24.8%.<\/p>\n<p>The top performing TSX sectors in Q1 included Energy, up by 18.9%, Healthcare, up by 17.5%, and Industrials, which increased by 10.7%.<\/p>\n<p>The worst-performing sectors were Telecommunications Services, down by 8.5%, Utilities, down by 1.1%, and Consumer Discretionary, which increased by 4.8%.<\/p>\n<p>The best quarterly performers in NQICAT were Imperial Oil, up by 24.4%, Canadian Natural Resources, up by 20.2%, and TFI International, up by 20.1%.<\/p>\n<p>Conversely, the weakest performers were Enghouse, down by 12.4%, Richelieu Hardware, down by 10.9%, and Labrador Iron Ore Royalty down by 8.1%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Q1, the S&amp;P\/TSX recorded an increase of 6.6%, the S&amp;P 500 grew by 10.6%, and the MSCI ACWI ex USA saw an increase of 4.8%. Over the 12-month period ending on March 31, the S&amp;P\/TSX showed an increase of 14.0%, the S&amp;P 500 increased by 29.9%, and the MSCI ACWI ex USA rose by [&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":[55],"tags":[],"class_list":["post-51879","post","type-post","status-publish","format-standard","hentry","category-modelportfolio"],"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 2024 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\/2024\/04\/portfolio-managers-april-comment-for-q1-2024-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 2024 Results\" \/>\n<meta property=\"og:description\" content=\"In Q1, the S&amp;P\/TSX recorded an increase of 6.6%, the S&amp;P 500 grew by 10.6%, and the MSCI ACWI ex USA saw an increase of 4.8%. 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