{"id":56847,"date":"2026-07-02T15:57:53","date_gmt":"2026-07-02T20:57:53","guid":{"rendered":"https:\/\/www.inovestor.com\/?p=56847"},"modified":"2026-07-02T15:57:53","modified_gmt":"2026-07-02T20:57:53","slug":"portfolio-managers-july-comments-for-q2-results","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-ca\/2026\/07\/portfolio-managers-july-comments-for-q2-results\/","title":{"rendered":"Portfolio Manager\u2019s July Comments for Q2 Results"},"content":{"rendered":"<p>In the second quarter of 2026, the S&amp;P\/TSX rose by 7.0%. Meanwhile, the S&amp;P 500 increased by 15.2%, and the MSCI ACWI ex USA saw a strong increase of 14.7%.<\/p>\n<p>At the end of the 12-month period ending June 30, the S&amp;P\/TSX had an impressive performance of 32.9%. The S&amp;P 500 grew by 22.3%, while the MSCI ACWI ex USA experienced an increase of 28.3%.<\/p>\n<p>The NQICAT also performed well this quarter and reported a quarterly performance increase of 8.5%. On an annual basis, it grew by 22.8%.<\/p>\n<p>The top-performing TSX sectors for the second quarter included Financials, which was up by 25.6%, HealthCare, which was up by 15.8%, and IT, which increased by 14.7%.Most sector growth was positive, with Materials, Energy, and Telecom being the exceptions. Materials declined by 11.5%, Energy declined by 11.4%, and Telecom saw a decrease of 10.0%.<\/p>\n<p>The leading quarterly performers in NQICAT were Hammond Power Solutions Inc. (HPS.A.TO), which reported an incredible increase of 98.1%, followed by TFII.TO with growth of 35.2%, and MSA.TO with growth of 32.6%. On the other hand, the underperformers in NQICAT included Canadian Natural Resources Ltd. (CNQ.TO), which reported a decline of 16.4%, Stella-Jones Inc. (SJ.TO), which decreased by 15.3%, and Imperial Oil Ltd. (IMO.TO), which saw a drop of 12.1%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the second quarter of 2026, the S&amp;P\/TSX rose by 7.0%. Meanwhile, the S&amp;P 500 increased by 15.2%, and the MSCI ACWI ex USA saw a strong increase of 14.7%. At the end of the 12-month period ending June 30, the S&amp;P\/TSX had an impressive performance of 32.9%. The S&amp;P 500 grew by 22.3%, while [&hellip;]<\/p>\n","protected":false},"author":35,"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-56847","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 July Comments for Q2 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\/2026\/07\/portfolio-managers-july-comments-for-q2-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 July Comments for Q2 Results\" \/>\n<meta property=\"og:description\" content=\"In the second quarter of 2026, the S&amp;P\/TSX rose by 7.0%. Meanwhile, the S&amp;P 500 increased by 15.2%, and the MSCI ACWI ex USA saw a strong increase of 14.7%. At the end of the 12-month period ending June 30, the S&amp;P\/TSX had an impressive performance of 32.9%. 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