Blog

Portfolio Manager’s September Comment for August Results

In August, the S&P/TSX decreased by 1.6%, the S&P 500 fell by 4.1% while the MSCI ACWI ex USA contracted by 3.2%.

At the end of the 12-month period ending on August 31, the S&P/TSX dipped by 3.4%, the S&P 500 declined by 11.2% while the MSCI ACWI ex USA fell by 19.1%.

In August, NQICAT shrank by 1.4% while it declined by 7.4% on an annual basis.

The best TSX sectors for the month of August were Health Care up 8.9%, Consumer discretionary up 1.2% and Utilities down 0.8%.

The worst performing sectors were Information Technology down 7.2%, Financials down 2.3% and Telecommunication down 2.0%.

The best monthly performers in NQICAT were goeasy up 7.1%, Stella-Jones 5.2% and Canadian Natural Resources up 3.9%. At the opposite, the weakest contributors were Parex Ressources down 11.9%, Constellation Hardware down 9.2% and Richelieu Hardware down 9.1%.

Share