{"id":44265,"date":"2021-12-03T19:55:00","date_gmt":"2021-12-03T19:55:00","guid":{"rendered":"https:\/\/wp2.inovestor.com\/2021\/12\/portfolio-managers-december-comment-for-november-results-3\/"},"modified":"2023-10-11T18:44:31","modified_gmt":"2023-10-11T18:44:31","slug":"portfolio-managers-december-comment-for-november-results-3","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-us\/2021\/12\/portfolio-managers-december-comment-for-november-results-3\/","title":{"rendered":"Portfolio Manager\u2019s December Comment for November Results"},"content":{"rendered":"<p style=\"font-weight: 400;\">The S&amp;P\/TSX Total Return Index contracted by 1.6% in November, the S&amp;P 500 decreased by 0.7%, and the MSCI ACWI ex. USA corrected by 4.5%. At November\u2019s end, the 12-month S&amp;P\/TSX Total Return Index was 23.5% behind the S&amp;P500 gain of 27.9% and lower than the MSCI ACWI ex. USA which rose by 9.6%.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">In November, the NQICAT decreased by 3.1% while it climbed by 16.5% on an annualized basis.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">The best TSX sectors for the month of November were Materials up 1%, ahead of Consumer Discretionary and Telecommunication both up 0.5%.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">At the opposite, the worst performing sectors were Health Care down 7.4% followed by Information Technology and Industrials both down 3.5%<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">The best performers in November were Canfor up 6.3%, Hydro One up 5.6%, and Telus up 2.9%.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">On the other hand, the weakest contributors were Parex down 13.7%, goeasy down 10.4%, and Stella-Jones down 9.9%.<\/p>\n<p style=\"font-weight: 400;\">\n","protected":false},"excerpt":{"rendered":"<p>The S&amp;P\/TSX Total Return Index contracted by 1.6% in November, the S&amp;P 500 decreased by 0.7%, and the MSCI ACWI ex. USA corrected by 4.5%. At November\u2019s end, the 12-month S&amp;P\/TSX Total Return Index was 23.5% behind the S&amp;P500 gain of 27.9% and lower than the MSCI ACWI ex. USA which rose by 9.6%. In [&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":[629,630],"tags":[631,632,633],"class_list":["post-44265","post","type-post","status-publish","format-standard","hentry","category-featured-en-us","category-modelportfolio-en-us","tag-canada-en-us","tag-model-portfolio-en-us","tag-nqicat-en-us"],"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 December Comment for November 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-us\/2021\/12\/portfolio-managers-december-comment-for-november-results-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portfolio Manager\u2019s December Comment for November Results\" \/>\n<meta property=\"og:description\" content=\"The S&amp;P\/TSX Total Return Index contracted by 1.6% in November, the S&amp;P 500 decreased by 0.7%, and the MSCI ACWI ex. 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