Performance Evaluation of Pooled Funds in US and Canada
Pension funds kick off 2017 with positive returns. Morneau Shepell (MSI) has released the results of its Performance Universe of Pension Managers’ Pooled Funds for the first quarter of 2017.
According to the report, in the first quarter of 2017, diversified pooled fund managers posted a median return of 3.0 per cent before management fees.
“Stock markets made strong advances in the first quarter. Emerging market equities dominated with an impressive return of 10.9 per cent for the MSCI Emerging Markets Index (C$), while U.S. equities in the S&P 500 Index (C$) returned 5.1 per cent. The Canadian market, which largely outperformed in 2016 with a 21.1 per cent return, slightly underperformed the other markets in the first quarter, with the S&P/TSX Index up 2.4 per cent. Bonds yields were also positive, with the median manager performance for Universe bond mandates at 1.4 per cent in the first quarter,” said Jean Bergeron, Partner responsible for Morneau Shepell’s Asset and Risk Management Consulting team.
Full Content: Market Watch
Remember to subscribe to our free weekly newsletter for more news or subscribe to our service to get unlimited access.
