Staying with strategy settings for 2017
Here’s what we’re thinking
January 11, 2017
Global markets ended 2016 on a strong note with equity markets posting solid gains in the month of December (S&P500: +1.97%, TSX: +1.66%, Euro Stoxx 50:+7.94%), while commodities continued to march higher led by oil prices and fixed income continued to underperform as bond yields remained on an upward path. Certainly for full-year 2016, broad market performance largely followed our portfolio strategy settings of overweighting equities (S&P500: +11.95%, TSX: +21.08%) and underweighting fixed income (U.S.: +2.61%, Can.: +1.66%). Through the first couple of weeks of trading in early 2017, equity markets remain perched at or near all-time highs as investors digest a recent string of solid global economic growth data while awaiting a number of important events and developments to set the tone for coming weeks and months.
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