Canada. Morneau Shepell releases the results of its Performance Universe of Pension Managers’ Pooled Funds
Morneau Shepell (TSX: MSI) has released the results of its Performance Universe of Pension Managers’ Pooled Funds for the fourth quarter of 2017.
According to the report, in the fourth quarter of 2017, diversified pooled fund managers posted a median return of 3.9 per cent before management fees. For 2017 as a whole, diversified pooled fund managers obtained a median return of 8.6 per cent.
“Stimulated by strong and synchronized global economic growth, stock markets rose to record levels in 2017. The Canadian stock market did not do as well as in 2016, but still grew 9.1 per cent. U.S. equities continued to perform well and the S&P 500 Index posted a 13.8 per cent return in Canadian dollars. Emerging market equities outperformed all others equity markets, with the MSCI Emerging Markets Index returning 28.7 per cent in Canadian dollars. Bond returns were modest in 2017, at about 3 per cent for the market as a whole,” said Jean Bergeron, partner responsible for the Morneau Shepell Asset & Risk Management consulting team.
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