OUR BLOG

July 2019 Report

SIC Multi Asset Institutional Composite   July 2019 Year to Date SIC Institutional 0.0% 10.0% Benchmark* 0.4% 10.4% * 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 S&P 500 rose 1.9%...

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SIC Investment Outlook for Q3 2019

Will the First Half be a Hard Act to Follow? A friend of mine once said that the hardest shot in golf is the one after a great drive.  The same could be said for equity markets after the first half of this year.  Year to date the S&P TSX Composite, S&P 500,...

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June 2019 Report

SIC Multi Asset Institutional Composite   June 2019 Year to Date SIC Institutional 2.4% 10.0% Benchmark* 2.0% 10.0% * 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 The US Federal Reserve came...

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May 2019 Report

SIC Multi Asset Institutional Composite   May 2019 Year to Date SIC Institutional -3.2% 7.5% Benchmark* -2.1% 7.8% * 5% T Bills, 35% Canadian Bond Composite, 20% TSX Composite TRI, 20% S&P 500 C$ TRI, 20% MSCI EAFE (Net) C$ TRI In May, global stock markets were...

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Unreliable Investment Strategies

The Futility of Large Cap Active Management Percentage of Funds Underperforming the Index   1-Year (%) 3-Year (%) 5-Year (%) 10-Year (%) Canadian Equity 76.9 94.4 90.3 91.0 US Equity 78.6 92.0 96.0 97.4 International Equity 55.6 86.0 91.5 95.2 Global Equity 77.5 93.2...

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April 2019 Report

SIC Multi Asset Institutional Composite   April 2019 Year to Date SIC Institutional 2.4% 11.0% Benchmark* 2.2% 10.2% * 5% T Bills, 35% Canadian Bond Composite, 20% TSX Composite TRI, 20% S&P 500 C$ TRI, 20% MSCI EAFE (Net) C$ TRI Global stock markets performed...

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SIC Investment Outlook for Q2 2019

Lessons Learned The first quarter saw global markets surge higher.   Both global equities and fixed income posted strong results.  Global equities as measured by the MSCI World Index returned a whopping 10.2%.  While it is true that two important developments carried...

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March 2019 Report

SIC Multi Asset Institutional Composite   March 2019 Year to Date SIC Institutional 1.9% 8.3% Benchmark* 2.2% 7.9% * 5% T Bills, 35% Canadian Bond Composite, 20% TSX Composite TRI, 20% S&P 500 C$ TRI, 20% MSCI EAFE (Net) C$ TRI Global capital markets continued to...

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February 2019 Report

 SIC Multi Asset Institutional Composite February 2019 Year to Date SIC Institutional 1.8% 6.3% Benchmark* 1.9% 5.5% * 5% T Bills, 35% Canadian Bond Composite, 20% TSX Composite TRI, 20% S&P 500 C$ TRI, 20% MSCI EAFE (Net) C$ TRI Global equity markets continued to...

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