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...

May 2020 Report

SIC Multi Asset Institutional Composite  May 2020Year to DateSIC Institutional2.3%-4.7%Benchmark*2.2%-1.4% * 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 Global capital markets...

April 2020 Report

SIC Multi Asset Institutional Composite   April 2020 Year to Date SIC Institutional 6.5% -6.8% Benchmark* 6.5% -3.5% * 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 From the aftermath of the...

SIC Investment Outlook for Q2 2020

We Won’t See It in the Economic Data We are often asked how we are analyzing markets in this crisis thrust upon us by COVID-19.  What are the economic indicators that we are closely watching?  What is it in the data that will provide us the confidence that things have...

March 2020 Report

SIC Multi Asset Institutional Composite   March 2020 Year to Date SIC Institutional -9.3% -12.5% Benchmark* -7.3% -9.4% * 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 rapid spread of...

February 2020 Report

SIC Multi Asset Institutional Composite  February 2020Year to DateSIC Institutional-4.2%-3.6%Benchmark*-3.9%-2.2% * 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 For market participants,...

January 2020 Report

SIC Multi Asset Institutional Composite   January 2020 Year to Date SIC Institutional 0.7% 0.7% Benchmark* 1.7% 1.7% * 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 “Jekyll and Hyde”...

SIC Investment Outlook for Q1 2020

All Cylinders Fire in 2019 Annual returns in 2019 for all major asset classes were above historical averages.  This was due in a large part to the unusually weak results witnessed in December 2018.  In fact, nearly half of the total return in 2019...

December 2019 Report

SIC Multi Asset Institutional Composite   December 2019 Year to Date SIC Institutional 0.3% 14.3% Benchmark* 0.0% 15.1% * 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 Our allocation to...