October 2019 Report

SIC Multi Asset Institutional Composite   October 2019 Year to Date SIC Institutional 0.8% 11.3% Benchmark* 0.7% 12.6% * 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 Investor confidence was...

SIC Investment Outlook for Q4 2019

The Breadth Is yet to Come Global capital markets continued to perform well in the third quarter despite periodic disconcerting political headlines emanating from both Washington and London.  Financial assets (fixed income and equity) have been the primary...

September 2019 Report

SIC Multi Asset Institutional Composite   September 2019 Year to Date SIC Institutional 1.0% 10.4% Benchmark* 0.9% 11.8% * 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 While historically a...

August 2019 Report

SIC Multi Asset Institutional Composite   August 2019 Year to Date SIC Institutional -0.6% 9.3% Benchmark* 0.4% 10.8% * 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 trade worries,...

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%...

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,...

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...

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...

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...

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...