Pension funds post positive returns in the third quarter of 2017. Morneau Shepell (MSI) has released the results of its Performance Universe of Pension Managers’ Pooled Funds for the third quarter of 2017.

According to the report, in the third quarter of 2017, diversified pooled fund managers posted a median return of 0.9 per cent before management fees.

“In the third quarter, the Canadian and global stock markets posted positive returns. The recovery of the energy sector had a positive impact on the Canadian stock market during the quarter, where the S&P/TSX gained 3.7 per cent. For the second time this year, the rise in the Canadian dollar versus several foreign currencies had a negative impact on Canadian investors. In the last three quarters, emerging market equities outperformed other major global indices. The MSCI Emerging Markets Index returned 7.7 per cent in local currency (4.0 per cent C$), the U.S. equity market represented by the S&P 500 Index rose 4.5 per cent in local currency (0.5 per cent C$) and the international equity market represented by the MSCI EAFE returned 3.4 per cent in local currency (1.5 per cent C$). Following the increase in bond yields in the months of July and September, Canadian bonds closed the quarter with negative returns,” said Jean Bergeron, partner responsible for the Morneau Shepell Asset & Risk Management consulting team.

Read more @MarketWatch