Global equities ended the year with a bang! The S&P\/TSX Composite Total Return Index increased by 3.2% in Q4 adding to this years\u2019 gains for a total return of 22.9% in 2019. During Q4, the S&P500 produced an 8.5% return for an annual total return of 28.9% while the MSCI ACWI ex US posted a 9.0% return leading to a 22.1% YTD total return.<\/p>\n
There was a number of drivers behind this strong finish. Firstly, most company\u2019s results were inline or better than expected, secondly central banks have maintained a dovish tone, and finally the year ended with a phase one agreement between the US and China.<\/p>\n
In Canada, the best Q4 sectors were Info-Tech up 10.7% and Materials up 7.4%, the worst sector was Healthcare down 6.0%. For the year, Info-Tech and Utilities were the top performers up 63.5% and 31.6%, respectively, while Healthcare was the weakest on, down 11.4%.<\/p>\n
NQICA in Q4 returned 2.5% leading to an annual total return of 24.1% versus the S&P\/TSX TR composite which returned 3.2% in Q4 and 22.9% YTD.<\/p>\n
The worst performers in the NQICA in Q4 were Gildan Activewear (GIL) with a return of -18.1%, due to lower than expected results, and Metro (MRU) with a -7.8% return. On the other hand, the best performers were Parex up 19.0%, due to excellent results and new field discoveries, and National Bank up 10.4% on the back of an excellent Q4.<\/p>\n","protected":false},"excerpt":{"rendered":"
Global equities ended the year with a bang! The S&P\/TSX Composite Total Return Index increased by 3.2% in Q4 adding to this years\u2019 gains for a total return of 22.9% in 2019. During Q4, the S&P500 produced an 8.5% return for an annual total return of 28.9% while the MSCI ACWI ex US posted a […]<\/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-44370","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