Mackenzie Investments publishes regular commentaries to help advisors and investors make sense of the markets, review the recent performances of funds and anticipate future outlooks. Read Mackenzie Investments’ quarterly, monthly and team commentaries for more information.
Latest Quarterly Commentary
It was a strong quarter for equities. The MSCI World index returned 5.4% in local currency terms and has gained for 14 consecutive months dating back to November 2016, which is the longest string of positive monthly returns since its inception in December 1969.
The big story of the fourth quarter was broad based tax reform in the United States and the impact on corporate earnings and global growth.
The dispersion between the performance of growth and value is at its highest level in years while value is at its lowest. Trends do not continue forever but the key is to know the catalyst that could alter that trend.