Q1 Portfolio Commentary
The Pause that Refreshes – Twenty-fifteen was a forgettable year for all the major asset classes: bonds returns were middling, the S&P 500 closed the year below where it started, and the unrelenting slide in energy prices helped weigh our stock market to a loss of more than 8%. On the price basis, US stocks have now treaded water for about 18 months and one has to go back more than two years to find a point when the TSX was meaningfully lower than it is today.
Click here to read more: DM-Portfolio-Commentary-Q1-16
January Monthly Insight
Rate Hikes Do Not Mean Doom – In theory rising interest rates spell trouble for stocks but history confirms that equity market returns have varied significantly following the initial central rate hike. This is because not all interest rate hikes are equal.
Click here to read more: Monthly Insight – January 2016 – Interest Rate Hikes Do Not Mean Doom
DM Monthly Report
What is Risk? – Despite its central importance to portfolio management, there isn’t really a universal definition of investment risk. When we launched Dixon Mitchell, we decided that our best chance of getting the risk question right was to put ourselves in the shoes of our clients and make sure that our decision making process was mindful of the following two common concerns:
Click here to read more: DM-Monthly-Report-Dec-15
December Monthly Insight
Big Bad Bear Market – If stock markets around the world had fallen by more than 50% from their peak, investors would have been in quite a tizzy with the panic of collapse and catastrophe running rampant. But it is not stocks that are in a nasty bear market, it is commodities. They are far less important from an investment perspective in many parts of the world, 9.7% in the U.S. and 11.6% internationally based upon their stock market weighting.
Click here to read more: Monthly Insight – December 2015 – Big Bad Bear Market
