Financial markets at a glance – December 31, 2022

Financial markets at a glance - December 31, 2022

 

FINANCIAL MARKETS
AT A GLANCE

 

December 31, 2022

Canadian and U.S. equities were mostly positive over the quarter. Yields rose through the quarter. Corporate bonds outperformed government bonds, and short-term bonds outpaced long-term bonds. Here are the financial markets at a glance.

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CANADIAN EQUITIES

 

U.S. EQUITIES

 

 

Sector
9 of the 11 Canadian equity sectors ended the quarter in positive territory. Here are the best and worst performing sectors relative to last quarter.

 

Sector
9 of the 11 U.S. equity sectors ended the quarter in positive territory. Here are the best and worst performing sectors relative to last quarter.

 

WORST PERFORMERS

BEST PERFORMERS

Energy

Energy

 

Information Technology

Information
Technology

Communication Services

Communications
Services

14.1% Up arrow

11.3% Up arrow

9.2% Up arrow

Healthcare

Health Care

Utilities

Utilities

Financials

Financials

-10.9% Down arrow

-7.4% Down arrow

3.4% Up arrow

 

Energy

Energy

 

Industrial

Industrials

21.1% Up arrow

17.6% Up arrow

Consumer Discretionary-nobg

Consumer
Discretionary

Communication Services

Communications
Services

-11.4% Down arrow

-2.8% Up arrow

 

 

Company size performance comparison 
Small companies outperformed medium and large sized companies, with medium sized companies trailing but still positive over the quarter.

 

Company size performance comparison 
Medium sized companies outperformed both small and large sized companies, but all were positive over the quarter.

 

 

 

 

 

What’s working/What’s not working

From a style perspective, growth outperformed the index while value trailed but all were positive.
All factors and the index were positive this quarter, while quality and momentum outperformed, followed by dividends and low volatility, which all outperformed the index.

 

What’s working/What’s not working

Value outperformed while growth trailed the index this quarter.
Factors were all positive this quarter, with dividends, momentum, low volatility and quality outperforming the index.

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GLOBAL EQUITIES

 

FIXED INCOME

 

 

 

Regional
 

INV-3005-GlobalEquities-EN

Company size performance comparison 
Global large and small companies were positive over the quarter.

Small Business Up arrow
Large Corporations Up arrow

Large Companies
Small Companies

What’s working/What’s not working

From a style perspective, value outperformed the index and growth, while all were positive over the quarter.
All factors were positive over the quarter and outperformed the index. Dividends outperformed the most.

 

Yields rose this quarter, with short-term bond yields rising more than long-term yields. 

Relative bond performance 

 

   Bond yield 

Bond Yield image@2x

 

Bond yields were up with both shorter and longer date bond yields increasing over the quarter.

Yield on the Canada 2-year rose from 3.79% to 4.06%.
Canada 5-year rose from 3.32% to 3.41%.
Canada 10-year rose from 3.16% to 3.30%.
Canada long bond rose from 3.09% to 3.28%.

 

 
 
 

 
 
 

 
 
 

 
 
 

 
 
 

 

Source: Morningstar Research Inc. as of December 31, 2022. © 2022 Morningstar Research Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. 

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This article includes forward-looking information that is based on the opinions and views of Empire Life as of the date stated and is subject to change without notice. The information contained herein is for general purposes only and is not intended to be comprehensive investment advice. We strongly recommend that investors seek professional advice prior to making any investment decisions. Empire Life and its affiliates assume no responsibility for any reliance on or misuse or omissions of the information contained herein.

 

December 2022