The first quarter of 2017 saw a shift to more normal market conditions as U.S. interest rates continued to rise. Canadian equities delivered their fifth-straight quarterly gain. Our pools continued to perform well, led by strong results from international and emerging-market holdings. Our Canadian holdings benefitted from a significant underweight to the underperforming energy sector. Each of our fixed-income pools delivered positive absolute returns. Overall, key economic data support our positive outlook as 2017 unfolds.Read the full report.
Canada’s Big Short? Not Likely.
By Craig Maddock, CFA, MBA, CFP Vice President Investment Management Last week I attended the Annual Forec...
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Most Recent Articles
Winter 2018/2019: Fund and portfolio update
Despite a highly volatile fourth quarter, 2018 was a strong year for MD funds and portfolios. Given the sharp decline in equity markets, the diversification of MD portfolios helped to preserve capital
Winter 2018/2019: Macroeconomic review
While risks have risen globally, we still expect equities to outperform bonds in 2019. Positive earnings growth and continued strength in the global economy should remain supportive for equity markets
Winter 2018/2019: Designing portfolios with downside protection
Edward Golding and Mark Fairbairn, Assistant Vice Presidents with the Investment Management and Strategy team discuss downside protection, how it is achieved and MD’s approach to creating investor val
Winter 2018/2019: Why Is Everyone Always Talking About The Yield Curve?
Please join Marija Majdoub, Vice President with the Investment Management and Strategy team here at MD as she chats with Ian Taylor, Assistant Vice President about the yield curve—what it is, why it’s
Winter 2018/2019 market outlook: Seeing opportunities in 2019
Market volatility has returned, causing global markets to finish lower in 2018. We believe this end-of-year sell-off was overdone.
Investment Podcast: The way Walter Scott & Partners Ltd. invests
Fall 2018 Market Outlook: Expect Continued Growth, but Volatility Is Back
Key take-aways:• We expect to see continued growth in the global economy.• Geopolitical risks are topped by a China–U.S. trade clash.• Interest rates are gradually resetting to historical...
Summer 2018: MDPIM Emerging Markets Equity Pool update
Recent performance has been challenging for emerging market equites and the MDPIM Emerging Markets Equity Pool. It’s important to remember volatility is not uncommon for this asset class. Over the...
Summer 2018: MD Stable Income Fund update
MD Stable Income Fund aims to provide diverse, stable income to unit holders. Holdings include mortgages that can provide elevated income, fixed income diversification and reduced volatility.
Summer 2018: Policy maker influence
Policy makers maintain their influence and we continue to watch geopolitical events unfold. International trade has captured headlines at this time, but global growth has not been derailed.
Summer 2018: Tactical asset allocation
While we favour equites over fixed income overall, we see opportunities in the U.S., Germany, France and Japan. We are currently underweight Canada, the U.K., Switzerland and Australia. As...
Summer 2018: Fund and portfolio update
Overall fund performance has been strong year-to-date and over the past 12 months but there have been some challenges: rising interest rates have challenged fixed income returns and growth style...
Summer 2018: Macroeconomic review
We continue to favour equities over fixed income at this time—financial market conditions remain stable, the global economy continues to grow and corporate earnings are strong across geographies...
Summer 2018: Quarterly market update
Key Takeaways The global economy continues to grow Strong economic data continues to push rates higher Prospect of all-out China-U.S. trade war looms Global economic growth has continued...
Q1 2018 Global Investment Viewpoint
After strong start to the first quarter of 2018, market volatility made a comeback. We don’t expect this to be the end of the bull market, but we do expect more volatility in the weeks and months...
Quarterly Investment Review and Outlook: Q1 2018
Key takeaways: Market volatility makes a comeback after 15 months of calm Global economic growth slows but remains solid Central banks’ inflation targets appear within reach From nuclear...
Q1 2018 Message from the President and CEO
The first quarter of 2018 was a tale of two markets. January brought more of the same steady equity market growth that we experienced throughout 2017. The S&P 500 Index had one of the best...
Budget 2018: Highlights for Physicians
The 2018 federal budget (Budget 2018) was tabled on Tuesday, February 27, by Finance Minister Bill Morneau. Below are the highlights that are directly relevant to our physician clients. Tax...
Q4 Global Investment Viewpoint
Equity markets ended 2017 on a high note as most major stock indices posted strong returns. As we enter 2018, we continue to see synchronized global economic growth, healthy corporate profits and...
Message from the President and CEO