March 2021 Report

SIC Multi Asset Institutional Composite  March 2021Year to DateSIC Institutional1.26%2.21%Benchmark*1.23%1.20% * 5% T Bills, 35% Canadian Bond Composite, 20% S&P TSX Composite TRI, 20% S&P 500 C$ TRI, 20% MSCI EAFE (Net) C$ TRI Portfolio returns continued...

February 2021 Report

SIC Multi Asset Institutional Composite  February 2021Year to DateSIC Institutional0.97%0.94%Benchmark*0.70%-0.03% * 5% T Bills, 35% Canadian Bond Composite, 20% S&P TSX Composite TRI, 20% S&P 500 C$ TRI, 20% MSCI EAFE (Net) C$ TRI Improving prospects for...

January 2021 Report

SIC Multi Asset Institutional Composite  January 2021Year to DateSIC Institutional-0.03%-0.03%Benchmark*-0.72%-0.72% * 5% T Bills, 35% Canadian Bond Composite, 20% S&P TSX Composite TRI, 20% S&P 500 C$ TRI, 20% MSCI EAFE (Net) C$ TRI Concerns over the...

SIC Investment Outlook for Q1 2021

Lessons Learned from the Monetary and Fiscal Bazooka If there is one lesson for investors to take from the unprecedented events of 2020, it is to never underestimate the positive potency of globally coordinated monetary and fiscal policy on capital market...

December 2020 Report

SIC Multi Asset Institutional Composite  December 2020Year to DateSIC Institutional1.4%6.6%Benchmark*1.4%9.0% * 5% T Bills, 35% Canadian Bond Composite, 20% S&P TSX Composite TRI, 20% S&P 500 C$ TRI, 20% MSCI EAFE (Net) C$ TRI Global equity markets...

November 2020 Report

SIC Multi Asset Institutional Composite  November 2020Year to DateSIC Institutional6.7%5.2%Benchmark*6.6%7.5% * 5% T Bills, 35% Canadian Bond Composite, 20% S&P TSX Composite TRI, 20% S&P 500 C$ TRI, 20% MSCI EAFE (Net) C$ TRI The combination of a Biden...

October 2020 Report

SIC Multi Asset Institutional Composite  October 2020Year to DateSIC Institutional-1.6%-1.4%Benchmark*-2.3%0.9% * 5% T Bills, 35% Canadian Bond Composite, 20% S&P TSX Composite TRI, 20% S&P 500 C$ TRI, 20% MSCI EAFE (Net) C$ TRI Investors were in a...

Post US Election Observations

In a closely contested election, it appears as if the best outcome for global capital markets has occurred.  Removing Trump from the Presidency will almost certainly mean future official US policy will be more consistent and measured.  Gone will be...

SIC Investment Outlook for Q4 2020

Turbulent but Potentially Profitable Times Ahead The COVID-19 pandemic and the government policy reaction in response to it continued to be the biggest factor influencing global equity returns over the past six months.  We expect this to remain the dominant...

September 2020 Report

SIC Multi Asset Institutional Composite  September 2020Year to DateSIC Institutional-0.9%0.1%Benchmark*-0.7%3.2% * 5% T Bills, 35% Canadian Bond Composite, 20% S&P TSX Composite TRI, 20% S&P 500 C$ TRI, 20% MSCI EAFE (Net) C$ TRI Historically, September...