More large cap managers outperform benchmark
Markets are in "catch-up mode," portfolio manager says
The good news is that actively managed small- and mid-cap Canadian equity funds outperformed their benchmarks
The best-performing fund index for the third quarter was Greater China equity, Morningstar Canada says
Government issues are taking a back seat
U.S. equities lead the pack
Supply and demand generally are in balance, although there are some overheated conditions
Some international fund portfolio managers are beginning to focus on other markets
One positive factor might be rising living standards in emerging markets
Funds that invest in U.S. or emerging market stocks had positive results