{"id":44305,"date":"2021-04-07T18:04:00","date_gmt":"2021-04-07T18:04:00","guid":{"rendered":"https:\/\/wp2.inovestor.com\/2021\/04\/portfolio-managers-april-comment-for-q1-2021\/"},"modified":"2021-04-07T18:04:00","modified_gmt":"2021-04-07T18:04:00","slug":"portfolio-managers-april-comment-for-q1-2021","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-us\/2021\/04\/portfolio-managers-april-comment-for-q1-2021\/","title":{"rendered":"Portfolio Manager\u2019s April Comment For Q1 2021"},"content":{"rendered":"<p>The performance of equity markets continued its upward trend following the beginning of the vaccination campaign and the anticipation of the complete reopening of the economy.<\/p>\n<p>In Q1, The S&#038;P\/TSX Total Return Index rose by 8.1%, the S&#038;P 500 expanded by 6.2% while the MSCI ACWI ex. USA increased by 3.8%.<\/p>\n<p>In Q1, NQICA returned 9.4% leading to a 1-year return of 48.5% versus the S&#038;P\/TSX composite which returned 44.2% on an annualized basis.<\/p>\n<p>In Canada, the best Q1 sectors were Health Care up 38.1%, Energy up 28.2% and Financials up 12.7%. The worst sectors were Materials down 7.3%, Info-Tech up 1.0%, and Utilities up 2.4%.<\/p>\n<p>In Q1, the best performers in NQICA were TFI International (TFII), Richelieu Hardware (RCH) and Equitable Group (EQB) up 44.2%, 25.4% and 25.3% respectively.\u00a0 On the other hand, the worst performers were Kirkland Lake Gold (KL), Alimentation Couche-Tard (ATD.B) and Parkland Corp. (PKI) down 18.9%, 6.6% and 5.8% respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The performance of equity markets continued its upward trend following the beginning of the vaccination campaign and the anticipation of the complete reopening of the economy. In Q1, The S&#038;P\/TSX Total Return Index rose by 8.1%, the S&#038;P 500 expanded by 6.2% while the MSCI ACWI ex. USA increased by 3.8%. In Q1, NQICA returned [&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-44305","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 April Comment For Q1 2021 - 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\/04\/portfolio-managers-april-comment-for-q1-2021\/\" \/>\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 2021\" \/>\n<meta property=\"og:description\" content=\"The performance of equity markets continued its upward trend following the beginning of the vaccination campaign and the anticipation of the complete reopening of the economy. In Q1, The S&#038;P\/TSX Total Return Index rose by 8.1%, the S&#038;P 500 expanded by 6.2% while the MSCI ACWI ex. USA increased by 3.8%. 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