Net income for the firms in the Profit Survey declined by 12% on average
Doing well last year meant preserving capital and minimizing losses
Fund families that used liquid alts and underweighted certain asset classes tended to outperform in 2022
Interest rates are expected to remain at or above 4% in both Canada and the U.S.
Ten of the 42 firms in the survey raised their quarterly dividends amid darkening economic conditions
Investors may experience more pain, at least in the first half
Profit Survey: Only one firm raised its dividend amid increasing concern about the economy
The 45 firms in the Profit Survey saw their net income decline, on average, by 1% year over year
Segregated fund families: Swing from value to growth helped some fund families while hindering several large firms
Profit Survey: Eleven firms increased their dividends in the latest quarter