In the second quarter, the S&P\/TSX Composite Total Return Index increased by 17%, the S&P500 total return grew by 20.5% while the MSCI ACWI ex-USA returned 16.3%.<\/p>\n
Q2 returns were eye-popping and are pointing to a V-shaped recovery. Growth and technology have continued their outperformance compared to the rest of the market.<\/p>\n
In Q2, NQICA returned 15.2% leading to a year-to-date return of -13.4% versus the S&P\/TSX composite which increased by 17% in Q2 and declined -7.5% on a year-to-date basis.<\/p>\n
In Canada, the best Q2 sectors were Info-Tech up 68.2%, Materials up 41.6% and consumer discretionary up 32%. The worst sectors were telecommunication services down 2.1%, Utilities up 2.7%, and Financials up 4.8%.<\/p>\n
The NQICA’s worst performers in the second quarter were Evertz with a return of -14.3% as the company has been affected by the shutdown of professional sports, Fortis declined by 3.9% given the company’s profile was less attractive during the recovery and Winpak with a return of -3.3% caused by lower than expected sales and profits.<\/p>\n
On the other hand, the best results in the second quarter were TFI International with a return of 56.2% as the acquisition of Gusgo Transport has been well received by the market, Canadian Tire jumped 40.1% as the retailer kept its stores open and was able to protect its profits and Parkland Corp. grew by 39.1% helped by rising oil prices.<\/p>\n","protected":false},"excerpt":{"rendered":"
In the second quarter, the S&P\/TSX Composite Total Return Index increased by 17%, the S&P500 total return grew by 20.5% while the MSCI ACWI ex-USA returned 16.3%. Q2 returns were eye-popping and are pointing to a V-shaped recovery. Growth and technology have continued their outperformance compared to the rest of the market. In Q2, NQICA […]<\/p>\n","protected":false},"author":15,"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-44338","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":"\n