February Edition of Portfolio Construction – Assessing the Opportunities of Choppier Markets Requires Active Decisions
As we entered 2022, capital markets have gotten a lot choppier. The core bond markets, as measured by the FTSE Canada Universe Bond Index, lost 3.4% in January. While the global stock markets, as represented by the MSCI World Index C$ declined 4.9% for the same period. Canada fared better due to rising oil prices and strong performance of the financial sector. There are two main reasons that caused volatility: the burst of a speculative bubble and the beginning of tighter monetary policies.
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