Each month-end we publish total return data for various investment market indices, as well as a composite portfolio return benchmark for model portfolios of three different asset allocations. These may be useful guides to reasonable performance of your own portfolio or its components.
Click to view the Index Return Table.
Click to view the Portfolio Benchmarks.
Fidelity’s Director of Global Macro, Jurrien Timmer, seems to think so. He provides an excellent summary of fundamental economic and market variables that suggest markets may be finding a bottom. Click here to read the full story: https://www.fidelity.com/learning-center/trading-investing/market-turns-corner
The below chart highlights the returns from May 1st, 2007 until yesterday’s close – a period of roughly 15 Years. This includes the Global Financial Crisis, the COVID-19 Pandemic, and countless corrections/world events in between.
We’ve shown the returns of 3 of Fidelity’s flagship equity strategies against the S&P 500 and TSX over that time period. Their returns against the indices have been staggering and serve as a reminder that not all active managers are created equal. We believe that Portfolio Managers Mark Schmehl and Dan Dupont have proven themselves as the “elite of the elite”, which is why they have been on our preferred managers list for some years already.
Volatility is part of investing; perhaps some investors have forgotten that over the past 3 years. Rather than trying to figure out when/how it will end — use downturns as an opportunity to add/diversify for clients with the appropriate time horizon and stick to your investing principles. Patience is the ultimate path to success.
15 Years of Returns: Fidelity Special Situations, Canadian Growth Company, and Canadian Large Cap
Each month-end we publish total return data for various investment market indices, as well as a composite portfolio return benchmark for model portfolios of three different asset allocations. These may be useful guides to reasonable performance of your own portfolio or its components.
Click to view the Index Return Table.
Click to view the Portfolio Benchmarks.
Noah Blackstein, Portfolio manager at Dynamic Funds, interviewed on CNBC.
“The Market got ‘carried away’ with 75 basis point rate hike” says Dynamic Funds’ Noah Blackstein in this interview on CNBC.
Key Points
Were you surprised by what the Fed did yesterday? Was this your expectation ahead of hearing Jay Powell say that 75 basis points was not on the table right now?
The markets have moved significantly over the last several days. You saw a nine hundred points plus move yesterday, and that was the third day in a row of gains for the markets. But it really just got us back to last Thursday. Have you been a buyer on the dips that we’ve seen the last several weeks?