Stronger loonie dampens gains in foreign equity markets
Down the road, however, fund managers foresee a prolonged period of slow economic growth with a greater risk of inflation
Large cap active managers lag S&P/TSX composite
Worst-performing fund index last month was Greater China equity
Supply excesses have been wrung from the system, mutual fund managers say, and valuations have come down
Strength in financial stocks help value managers
“To use the tunnel analogy,” one manager says, “we may not see the light, but it’s not getting darker”
IA Clarington is prepared to pay out on the fund’s guarantee on Sept. 18, in advance of its original maturity date of June 30
Foreign equity categories post above-average gains
But money managers say fund performance will depend on the scope and pace of the global recovery