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
US equities have performed well to the end of the third quarter. The Russell 2500 TR index returned 11.0% in US Dollars (3.0% in Canadian Dollars). Year to date the market continued to be led by Health Care and Technology, but in the third quarter there was a rebound in the more cyclical sectors.
The number of countries now participating in the current global economic expansion reached levels last seen in the mid-2000s. With such breadth, the global economy is now lifting PMI and other leading indicators higher, confirming the early sign that the global economy has reached a point where growing capital expenditures can be sustained.
The third quarter of 2017 started where the month of June ended with a negative return of 0.71% for the CFE category for the month of July. Luckily, the next two months were both positive, allowing the CFE Category to return +2.06% for the Quarter.