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...

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...

August 2020 Report

SIC Multi Asset Institutional Composite  August 2020Year to DateSIC Institutional1.3%1.0%Benchmark*1.4%4.0% * 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, as...

July 2020 Report

SIC Multi Asset Institutional Composite  July 2020Year to DateSIC Institutional3.2%-0.3%Benchmark*2.3%2.5% * 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 Despite concerns over spreading...

SIC Investment Outlook for Q3 2020

Unprecedented Policy Had the Intended Effect! Global equity and fixed income markets staged an impressive recovery during the second quarter.  This recovery was entirely attributable to the unprecedented fiscal and monetary policy intervention undertaken and...

June 2020 Report

SIC Multi Asset Institutional Composite  June 2020Year to DateSIC Institutional1.4%-3.4%Benchmark*1.7%0.3% * 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 June saw global equity and...