market commentary

Changing Tides Portfolio Construction

Changing Tides

Markets | Dec 31, 2020

Closing out 2020 Last month, global equity markets surged as news around COVID-19 vaccine candidates gave investors hope that an economic recovery was plausible. Regionally, developed international equities provided the…

All that glitters is not gold

All that Glitters is Not Gold

Markets | Aug 21, 2020

The price of gold has rallied this year from US$1,517 an ounce at the start of the year to US$1,975 as of July 31. What was the driver behind this…

Unknowns – Known and Unknown

Markets | Jul 30, 2020

The world is full of surprises or unknowns, some of which we can anticipate, while others are harder to foresee. “Known unknowns” are uncertainties and issues of which we are…

When Sickness Strikes

Markets | Feb 28, 2020

Markets started the year with a lift from the phase one trade agreement between the U.S. and China and firming economic signals. However, the backdrop abruptly shifted as the outbreak…