Wednesday 27 September 2017

It's been a bad year for Canadian Investors

A recent article in the Financial Post made me realize there may be some surprised clients when they open their third quarter statements in early October.  (I have included the link below.)
Much of what we have heard, until recently, has been positive news concerning the rallying stock markets in the US.   North Korea and not one, but two devastating hurricanes have tempered that slightly, but things are still fairly positive for US markets.
Canadian investors on the other hand have had a far different experience.  With two somewhat unexpected interest rate hikes bonds have been impacted quite negatively.  As well, the resulting 10% increase in the value of the Canadian dollar has wiped out most international gains we have made in equity funds.
We don’t feel there is any cause for alarm at this point, but thought it’s prudent to at least temper your expectations as you open your September 30th statements.
As always, if you have any questions, please do not hesitate to call or email.
Thank you for placing your trust in Govan Wealth Management.
Bob


The information contained in here is for general information purposes only and is based on the perspectives and opinions of the owners and writers. It is derived from various sources and is subject to change without notice. Every effort has been made to compile this material from reliable sources; however, no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please contact me for individual financial advice based on your personal circumstances. Commissions, trailing commissions, management fees, and expenses may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values frequently change and past performance may not be repeated. Please read the prospectus and the fund facts before investing.

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Mutual Funds and some Segregated Funds provided by the Fund Companies are offered through Worldsource Financial Management Inc.; other Products and Services are offered through Govan Wealth Management.