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Financial markets at a glance

Investment Views, Investments

Posted by Empire Life Investments

May 19, 2021 1:38:33 PM

Empire Life Investments
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2021-Budget-infographic-ELSymbol
FINANCIAL MARKETS
AT A GLANCE

 

MARCH 31, 2021

Canadian and U.S. equity sectors were generally positive this month. Short-term and global bonds outperformed, amongst a backdrop of rising yields. Here are the financial markets at a glance.

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CANADIAN EQUITIES
 
US EQUITIES
 
 
Sector
9 of the 11 Canadian equity sectors ended the month in positive territory.
 
Sector
Each of the 11 U.S. equity sectors ended the month in positive territory.
 
 

Consumer Staples

Consumer
Staples

Financials

Financials

Communication Services

Communication Services
10.1% Up arrow
9.8% Up arrow
6.7% Up arrow

Materials

Materials

Healthcare

Healthcare

Information Technology

Information
Technology
1.0% Down arrow
-2.2% Down arrow
-2.7% Down arrow
 

Utilities

Utilities

Industrial

Industrials
10.5% Up arrow
8.9% Up arrow

Energy

Energy

Information Technology

Information
Technology
2.8% Down arrow
1.7% Down arrow
 
 
Company size
Small and medium-sized companies outperformed large corporations.
 
Company size
Small and medium-sized companies outperformed large corporations.
 
 
Small Business Medium Business Down arrow
Large Corporations Even icon
Small & Medium
Businesses
Large
Corporations
 
Small Business Medium Business Up arrow
Large Corporations Even icon
Small & Medium
Businesses
Large
Corporations
 
 
What’s working/What’s not working
  • From a style perspective, dividends, value and
    low volatility outperformed the broader S&P/TSX
    Composite Index.
  • Growth and momentum were the weakest performing factors.
 
What’s working/What’s not working
  • High dividends, value and low volatility were the
    best performing styles/factors, outperforming
    the S&P 500 index.
  • Growth and momentum were the weakest
    performing factors.
 

 

 
GLOBAL EQUITIES
 
FIXED INCOME
 
 
 
Regional
 
World Map with pins showing: Canadian Equities 3.9%; U.S. Equities 3.6%; Emerging Markets 2.2%; European Equities 2.4%; Asian Equities (ex-Japan) 1.0%;
Company size
Global small companies outperformed large corporations.
Small Business Up arrow Large Corporations Down arrow
Small
Businesses
Large
Corporations

What’s working/What’s not working
  • High dividend, value and low volatility
    outperformed the MSCI World Index.
  • Momentum, Growth and small/mid were
    positive, but trailed the broader equity market.
 
Short-term and global active bonds were the
strongest relative performers.
Short-term Bonds Up arrow
Short-term and
Global Active Bonds
Short-term bonds outperformed long-term bonds
and corporates outpaced governments.
Short-term Bonds Up arrow Long-term Bonds Down arrow
Short-term Bonds Long-term Bonds
CorporateUp arrow Government Down arrow
Corporate Government
Bond Yield image Bond yields continued to move higher
in the month.
Yield on the Canada 3-year rose from 0.40% to 0.49%,
Canada 5-year rose from 0.88% to 0.99%,
Canada 10-year rose from 1.35% to 1.55%,
Canada long bond rose from 1.76% to 1.97%
 
     
     
     
     
     

 


Source: Morningstar Direct, as of March 31, 2021

Segregated Fund contracts are issued by The Empire Life Insurance Company (“Empire Life”). A description of the key features of the individual variable insurance contract is contained in the Information Folder for the product being considered. Any amount that is allocated to a Segregated Fund is invested at the risk of the contract owner and may increase or decrease in value. Past performance is no guarantee of future results. Please read the information folder, contract and fund facts before investing.

This article includes forward-looking information that is based on the opinions and views of Empire Life as of the date stated and is subject to change without notice. The information contained herein is for general purposes only and is not intended to be comprehensive investment advice. We strongly recommend that investors seek professional advice prior to making any investment decisions. Empire Life and its affiliates assume no responsibility for any reliance on or misuse or omissions of the information contained herein.

 

May 2021

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