The month of April was characterized by significant volatility, driven by concerns over tariffs, economic uncertainty, and bond yields. However, investors’ worst fears did not materialize, and financial markets staged a remarkable recovery in the latter part of the month. Amid the market turbulence, several positive developments emerged, including declining interest rates, solid corporate earnings and forward guidance, and growing
March was a challenging month for financial markets, largely driven by negative tariff headlines and general investment uncertainty. In many cases, high-quality companies were sold off for reasons unrelated to their fundamentals, with broader market anxiety influencing investor behaviour. Despite these challenges, corporate earnings were solid in March and expectations for more interest rate cuts continued to be priced in,
February is historically a weaker period for equities and this month was no exception. As a result, all major North American stock indices were negative for the month. Several factors contributed to the volatility, including tariff concerns, geopolitical confusion, interest rate uncertainty, sticky inflation, and general investor anxiety. However, there were notable positives, including corporate earnings beats, lower yields, and
In January, all three ABC Funds reached new all-time highs. While January proved to be a volatile month, as investors awaited clarity on new U.S. economic and financial policies—particularly tariffs—several positive developments emerged. Solid economic data, easing inflation, and stronger-than-expected corporate earnings, all contributed to positive performance in equity markets. A key highlight was the strength of the U.S. consumer,
December concluded a successful year for our ABC Funds. While the broader market faced challenges in the final month of 2024, all three ABC Funds delivered positive results, outperforming their benchmarks on both a monthly and year-to-date basis. Key contributors to this strong finish included core ABC Funds holdings of Broadcom, Alphabet, Amazon, Apple, Meta, and ServiceNow. Looking back at
In November, equity markets performed exceptionally well, propelling all three ABC Funds to new all-time highs. The conclusion of the U.S. presidential election removed a major investment uncertainty, providing investors with greater clarity. As a result, money is beginning to flow back into the market, signalling a more constructive outlook among investors. Additionally, inflation continues to ease, interest rates are
Equity markets were volatile in the month of October as investors navigated uncertainties surrounding the upcoming U.S. presidential election, interest rates, geopolitics, economic growth, and corporate earnings. Despite these challenges, all three ABC Funds ended the month positively. Key contributors to our performance this month included NVIDIA, ServiceNow, Alphabet, Visa, and Waste Management. A notable highlight during October was the
The stock market in September was notably volatile, softening initially due to concerns over interest rates, geopolitics, weak third quarter seasonality, and the upcoming U.S. presidential election. However, a significant turnaround occurred in the latter half of the month, leading to positive returns for equity markets and all three ABC Funds. The key event in September was the U.S. Federal
August was an extraordinarily volatile month for global equity markets, influenced by the unwind of the Japanese carry trade, continuing geopolitical tensions, and the looming November 5th U.S. Presidential election. The significant appreciation of the Canadian dollar impacted our portfolios’ performance over the period, although our currency hedge provided a partial buffer against this increase. Notable ABC Funds’ outperformers in
July was a mixed month for equity market performance after achieving respectable returns during the first half of 2024. Understandably, in the context of a slower summer trading period there was significant common share price volatility. Market headwinds over the month included slowing economic growth, notable geopolitical tensions, and interest rate uncertainty. Additionally, the impending 2024 U.S. Presidential Election has