04 Mar 2021

Deprecated: get_the_author_ID is deprecated since version 2.8.0! Use get_the_author_meta('ID') instead. in /var/www/www.inovestor.com/wp-includes/functions.php on line 5211
Christian Godin

Portfolio Manager’s March Comment for February Results

04 Mar 2021

The S&P/TSX Total Return Index expanded by 4.4% in February and the S&P 500 grew by 2.8% while the MSCI ACWI ex. USA increased by 2.0%. At February end, the 12-month S&P/TSX Total Return Index rose 14.7% behind the S&P500 gain of 31.3% and higher than the MSCI ACWI ex. USA who nevertheless rose by 26.7%. The markets grew on the back of strong company results.

In February, NQICAT increased by 3% while it climbed by 12.9% on an annual basis.

The best TSX sector for the month of February was Energy up 22.4%, followed by Consumer Discretionary up 8.7%, and Financials up 6.7%. At the opposite, the worst performing sectors were Utilities down 5.7%, Material down 4.5% and Consumer Staples down 0.9%.

The best performers in February were Equitable Group up 31.1%, CCL Industries up 14.2% and National Bank up 12.5% due to impressive results.

On the other hand, the weakest contributors were Kirkland Lake Gold down 15.3% as gold prices fell 6.1% during the month. Hydro one was down 8.8% due to rising long-term interest rate and Metro was down 4.3% as investors continue to focus on cyclical stocks and expect lower revenue growth.

Why Integrate ESG in the Portfolio Selection Proce...

The S&P/TSX Total Return Index expanded by 4.4% in February and the S&P 500 grew by 2.8% while the MSCI ACWI ex. USA incre...

Read more

Canadian ETFs: February’s Launches and Termi...

The S&P/TSX Total Return Index expanded by 4.4% in February and the S&P 500 grew by 2.8% while the MSCI ACWI ex. USA incre...

Read more
Latest news

What’s in the news

Sep 02, 2021
Portfolio Manager’s September Comment for August Results
Read more
Aug 04, 2021
Portfolio Manager’s August Comment for July Results
Read more
Aug 02, 2021
StockPointer® Canada Portfolio Transactions – July 2021
Read more
Jul 07, 2021
Portfolio Manager’s July Comment For Q2 2021
Read more

Generate Higher Income

Discover our factor-based alpha generators

Discover our factor-based alpha generators

    What product(s) are you interested in?

    StockGuideMarket InsightsFor AdvisorsAsset Management

    StockGuide

    Market Insights

    For Advisors

    Asset Management

    What product(s) are you interested in?

    StockGuide
    Market Insights
    For Advisors
    Asset Management