{"id":53443,"date":"2025-10-02T12:21:57","date_gmt":"2025-10-02T12:21:57","guid":{"rendered":"https:\/\/www.inovestor.com\/?p=53443"},"modified":"2025-10-02T12:24:42","modified_gmt":"2025-10-02T12:24:42","slug":"portfolio-managers-september-comments-for-q3-2025-results","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-ca\/2025\/10\/portfolio-managers-september-comments-for-q3-2025-results\/","title":{"rendered":"Portfolio Manager\u2019s September Comments for Q3 2025 Results"},"content":{"rendered":"<p>In the third quarter of 2025, the S&amp;P\/TSX rose by 12.5%. Meanwhile, the S&amp;P 500 rose by 8.1%. The MCSI ACWI ex USA saw the lowest increase of 7.0% compared to the other two.<\/p>\n<p>At the end of the 12-month period ending September 30, the S&amp;P\/TSX had an incredible performance of 28.6%. The S&amp;P 500 grew by 17.6%, while the MSCI ACWI ex USA experienced an increase of 17.1%.<\/p>\n<p>The NQICAT reported a quarterly performance increase of 1.5%, and on an annual basis, it grew by 3.2%.<\/p>\n<p>The top- performing TSX sectors for the second quarter included Materials, which was up by 37.8%, Financials, which was up by 10.6% and Energy, which was up by 9.5%<\/p>\n<p>Most sectors growth was positive, with Industrials and Consumer Staples being the only two exceptions, as Industrials declined by 1.6% and Consumer Staples saw a decline of -0.3%.<\/p>\n<p>The leading quarterly performers in NQICAT was DPM Metals Inc, which reported an incredible increase of 41%, followed by First National Financial Corp with a growth of 18.1%, and Imperial Oil with a growth of 17.3%.<\/p>\n<p>On the other hand, the underperformers in NQICAT included Constellation Software Inc, which reported a decline of 24.3%, Intact Financial Corporation, which decreased by 14.1%, and Canadian Tire Ltd., which saw a drop of 9.7%. Canadian Tire was added mid quarter in the strategy.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the third quarter of 2025, the S&amp;P\/TSX rose by 12.5%. Meanwhile, the S&amp;P 500 rose by 8.1%. The MCSI ACWI ex USA saw the lowest increase of 7.0% compared to the other two. At the end of the 12-month period ending September 30, the S&amp;P\/TSX had an incredible performance of 28.6%. The S&amp;P 500 [&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-53443","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 September Comments for Q3 2025 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\/2025\/10\/portfolio-managers-september-comments-for-q3-2025-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 September Comments for Q3 2025 Results\" \/>\n<meta property=\"og:description\" content=\"In the third quarter of 2025, the S&amp;P\/TSX rose by 12.5%. 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The S&amp;P 500 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.inovestor.com\/en-ca\/2025\/10\/portfolio-managers-september-comments-for-q3-2025-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=\"2025-10-02T12:21:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-02T12:24:42+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\/2025\/10\/portfolio-managers-september-comments-for-q3-2025-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2025\/10\/portfolio-managers-september-comments-for-q3-2025-results\/\"},\"author\":{\"name\":\"Anthony Menard\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/person\/a47ac16db946331b2be8a8f78c89331d\"},\"headline\":\"Portfolio Manager\u2019s September Comments for Q3 2025 Results\",\"datePublished\":\"2025-10-02T12:21:57+00:00\",\"dateModified\":\"2025-10-02T12:24:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2025\/10\/portfolio-managers-september-comments-for-q3-2025-results\/\"},\"wordCount\":221,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#organization\"},\"articleSection\":[\"Model Portfolio\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.inovestor.com\/en-ca\/2025\/10\/portfolio-managers-september-comments-for-q3-2025-results\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2025\/10\/portfolio-managers-september-comments-for-q3-2025-results\/\",\"url\":\"https:\/\/www.inovestor.com\/en-ca\/2025\/10\/portfolio-managers-september-comments-for-q3-2025-results\/\",\"name\":\"Portfolio Manager\u2019s September Comments for Q3 2025 Results - 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