PIM: SRI Core Income and Growth Portfolio

Paul Borisoff - Dec 05, 2017

The SRI Core Income and Growth Portfolio* was up 0.7% in November – and is now up 12.6% in 2017.  In comparison our benchmark was up 1.1% in November and is now up 10.5% in 2017.  Over the most recent 12-month rolling period the portfolio is up 13.8% compared to our benchmark which is up 12.3%.

 

* These returns are reported as a composite, time-weighted, rate-of-return (gross of fees, net of transaction charges) for all accounts in this mandate.  Long-Term Returns/Benchmark Numbers will be reported in our Quarterly Updates.

 

The Canadian bond market (FTSE/TMX Canada Universe Bond Index) had a good month in November, returning 0.8%, and is now up 2.9% in 2017, and 2.4% over the last 12-months.   The MSCI World Net (USD) Index also had another good month – up 2.0% - and is now up 15.8% in 2017, and 18.6% over the last year after translated into Canadian dollars.

The Canadian dollar closed at $0.7753 CAD/USD at the end of November – almost unchanged from the end of October at $0.7759.    

Asset Allocation – November 30th, 2017:

3.9% Cash, 15.8% Fixed Income, 29.2% Canadian Equity, 51.1% Global Equity.

Recent Updates:

We did not make any changes to the portfolio in November.

Please do not hesitate to contact me if you have any questions or concerns.

 

Sincerely,

 

Paul J. Borisoff

Senior Vice President,

Portfolio Manager, Senior Investment Advisor